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Analyst: Bitcoin May See an Extended Bear Market Until September 2020

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Bitcoin’s halving came and went, but no major uptrend has begun as crypto investors had been hoping. And although the leading crypto asset by market cap has rallied steadily from lows, another three-month-long downtrend and extension of the bear market may be ahead.

Correction To Last As Long As Uptrend, Bitcoin Price To Bottom Around September 2020

Bitcoin price is consolidating below critical resistance at $10,000 once again. Thus far, the cryptocurrency has repeatedly failed to hold above this level.

And while sentiment is strong, the asset’s underlying fundamentals are screaming buy, and the current economic environment is ideal for ...

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