These Macro Factors Show That Bitcoin Bears are Gaining Control of BTC

These Macro Factors Show That Bitcoin Bears are Gaining Control of BTC


Bitcoin’s bulls and bears appear to be locked within an intense battle for control over the cryptocurrency Bears have been gaining the upper hand over the past few weeks, as the crypto has been consistently trending downwards despite being caught within a multi-week consolidation phase Presently, BTC is trading just above a crucial support level that appears to be growing weaker due to it being tested on multiple occasions over the past few days As the benchmark cryptocurrency’s monthly close fast approaches, there are a few macro factors that suggest bears may soon have full control over it

Bitcoin and the aggregated crypto market have not been able to garner any decisive momentum despite the turbulence seen last week.

One trend that does appear to be favoring sellers is the consistent lower highs it has been setting over the past few weeks.

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It first started ranging at $9,700, then hovered around $9,400, and is now trading just above its

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