Over the past 24 hours
bitcoin lost 0.5% to $56.7K
Locally, a sequence of lower highs and lower lows has been forming in Bitcoin since 17 November. The Day chart clearly show BTCUSD bouncing back from increasingly lower levels.
Despite the latest down tune in momentum, the Crypto Market continues to distance itself from the traditional financial markets without going into a deeper profit correction mode.
The local downtrend in BTCUSD, if not accelerated in the coming days, promises to be a sign of a healthy maturation of the market without hurting it. #BTC
