Bitcoin might still go deeper

Our earlier Bitcoin price prediction came true as the price sharply went down to $8,000 and even below.

On the 6H chart, one could notice the failed working out of the Double bottom reversal pattern. Thus, the leading cryptocurrency has been located in the deep bearish trend since October 11. According to these factors, no trend change is going to happen soon. Moreover, buyers are not interested to buy back BTC from the current levels due to the declining trading volume index.