Bitcoin Resumes Its Decline Yet Again After a momentary spurt, which led to bitcoin (BTC) prices breaking a nine-week long downtrend, BTC has consolidated back to around $30,000. BTC jumped past the $32,000 resistance earlier this week before quickly retracing that move. Based on the ongoing technical patterns, experts believe that if similar momentum persists, BTC prices may slide to even lower levels between $14,000 and $21,000 over the next six months. The ongoing plunge in BTC prices is a direct reaction to slumping price action across the traditional finance ecosystem.
