Crypto: Bitcoin Bull Market 'confirmed Over?' BTC Price Sees 4th Red...

Bitcoin printed its fourth red monthly candle in a row as BTC price dropped below $80,000, with traders dismissing the bull market returning.

Bitcoin (BTC) fought to avoid a fresh price dive at Monday’s Wall Street open as traders increasingly gave up on the bull market.

Many Bitcoin market commentators no longer see the return of the bull market.

BTC price action sees four consecutive red monthly candles for the third time in history.

Gold cooling off can still offer crypto a shot, says analyst.

Data from TradingView confirmed a roughly 2% bounce for BTC/USD versus the daily open.

Having set new 16-month lows of $74,532 on Bitstamp, the pair fielded more and more bearish predictions, with $74,000 and under now popular.

“The coming sessions are likely to be critical in shaping market direction for the remainder of the quarter,” trading resource QCP Capital wrote in its latest “Asia Color” market update.

Traders had little faith in a true market rebound from current levels.

“Weekly lower low on closing basis. Uptrend confirmed over,” trader Jelle told X followers in one of his latest posts.

Source: CoinTelegraph