Since Bitcoin topped out in June 2019 at around $13,000 it has been on a steady pullback.
In this time not only Bitcoin's price but also the volume declined steadily.
The volumes downtrend should potentially end around the end of january, just 4 months before the approx. date of the next halving.
In the last years the months before and after the halving were significant for bitcoins price action.
I am looking for a decline of Bitcoin to $5,350 - $5,800 until the end of december / beginning of january before an expansion of the leg up we saw earlier this year.
In this time not only Bitcoin's price but also the volume declined steadily.
The volumes downtrend should potentially end around the end of january, just 4 months before the approx. date of the next halving.
In the last years the months before and after the halving were significant for bitcoins price action.
I am looking for a decline of Bitcoin to $5,350 - $5,800 until the end of december / beginning of january before an expansion of the leg up we saw earlier this year.