Bitcoin (BTC) Price Analysis: BTC Tumbles by 17% to a Five-Month Low, Bearish Actions May Continue

A lot has happened since the start of the month as Bitcoin plummeted by almost 17% to a five-month low. It saw a slight bounce last weekend but the price is

Bitcoin price is now at risk of dropping further as key support levels collapsed and the price slipped back to a multi-month low. But a double-bottom pattern on the 4-hour chart might be hinting at a bullish scenario.

Bitcoin price showed signs of weakness earlier this week as it slipped below a crucial trendline support and dropped to a five-month low. But the 4-hour chart seems to be forming a double-bottom pattern that could indicate a potential uptrend.

Bitcoin price dropped significantly earlier this week, slipping below a long-rising trendline that acted as diagonal support since March. But a 4-hour chart shows a possible double-bottom pattern forming.

Bitcoin price showed signs of weakness earlier this week as it slipped below a crucial trendline support and dropped to a five-month low. But the 4-hour chart seems to be forming a double-bottom pattern that could indicate a potential uptrend.

Bitcoin price showed signs of weakness earlier this week as it slipped below a crucial trendline support and dropped to a five-month low. But the 4-hour chart seems to be forming a double-bottom pattern that could indicate a potential uptrend.

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