Bitcoin will see ‘long bear market’ says trader with BTC price stuck at $19K

[Magepai]

No sign of a significant shift up or down for BTC price, but volume data hints that the bottom could come in weeks or less.Bitcoin (BTC) failed to reclaim recent losses into July 2 as traders prepared for stagnant price action to continue.Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it chopped around the $19,000 mark into the weekend.

The Wall Street trading week had finished without surprises, with United States equities practically stagnant — providing little impetus for crypto volatility. The U.S. dollar index, or DXY, fresh from a retest of twenty-year highs, ran out of steam to circle 105 points.more