BTC prices continue to trend downwards as prices remain bearish, with price trading on critical support. BTC trades below 50 and 200-day Exponential Moving Average as price struggles to regain bullish signs. The price of BTC needs to break and hold above the key resistance of $20,500 to initiate recovery signs for the price. The price of Bitcoin (BTC) continues to struggle to discover its bullish trend as the price fails to break the key resistance of $20,500 against tether (USDT). Bitcoin (BTC) and other crypto assets enjoyed a relief bounce in previous weeks that saw the crypto market cap looking good for cryptocurrencies across the industry, with many producing double-digit gains. (Data from Binance) Related Reading: ApeCoin Crashes 7% Following SEC Probe Against Yuga Labs Bitcoin (BTC) Price Analysis On The Weekly Chart. Despite many traders and investors speculating on Uptober as BTC has previously shown bullish signs in October, in this case, there seems to be a slight difference as the price of BTC keeps maintaining a downtrend structure. After the price of BTC rallied from a weekly low of $18,800, the price went to a high of $25,000, as many expected the price to form a base or support before continuation to a high of $30,000, but this was never the case. The price of BTC was rejected at $25,000, and the price has since struggled to regain its bullish strength as many traders are anticipating a drop to the region of $1...
