With most of the past two days spent below $8k bitcoin price has been looking extremely bearish. A big bounce in late trading on Sunday, however, sent BTC back above resistance to top out at $8,300. Altcoins are also having a green Monday as the bears are kept at bay for now.
Unfortunately, the powerful bears are back with some vengeance. Now, Bitcoin is currently standing at $7,491.91 per CoinMarketCap, and there are more chances that it can go down further, with pessimistic people thinking that it can soon lower itself to around $6,000 level. Individually, there is nothing we can do much to stimulate more buy actions for Bitcoin. I am just watching with some despair because I don't have more funds I can sink in with Bitcoin as this is a good time to add more. Should we expect more dips or has Bitcoin has already bottomed out? Let's see in the next few days.