Currently, Bitcoin is going through one of the harshest bear markets ever. As this is being written, Bitcoin prices have fallen below the important psychological threshold of $ 20,000. There is a lot of back and forth action between the 78.60 Fib retracement level and where the price now is.
This suggests that sellers and buyers are engaged in a fierce tug of war, resulting in a wide price swing over the intraday time frame. But a market researcher predicts that the Bitcoin bear market is nearing its end. Maybe Bitcoin can extricate itself out of this mess?