Bitcoin (BTC) has been in a steady decline since the beginning of the year. The first wave of this decline, from January to February was a very steep one. However, when Bitcoin (BTC) broke the first downtrend and entered another phase of decline, the fall was not as steep. Similarly, this second downtrend was broken in August and now Bitcoin (BTC) is struggling to break past the third downtrend resistance. As we can see on the above chart for BTC/USD, this decline has become less steep with time as the correction comes to an end.
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