Bitcoin price again crashed below $21,000 after holding these levels firmly for quite a long time. The descending trend that began just after the price reached its highs, appears to approach its destiny very soon. As the តម្លៃ BTC is testing the lower support, displaying a possibility of a breakdown & forming a pattern much similar to the 2018 breakdown. However, the asset may further flip and regain the lost levels in no time.
The BTC price previously when smashed the highs close to around $19,000 had dropped hard to reach the lows at around $3000. No doubt, the price flipped hard and recovered to some extent, yet could not leap long close to its highs. Now when the asset is displaying a similar price action, the bottoms are formed somewhere below $16,000.
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Source: https://coinpedia.org/price-analysis/bitcoin-btc-price-primed-to-hit-22500-but-only-after-bottoming-hard-at-15800/