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.
https://bitcoinist.com/bitcoin-btc-price-bounces-back-above-usd-8200/This didn't age well. The price is barely holding on at $7.500 now. But, that's what the price does. There are no real ways to predict where it will go next.
What do you mean "didn't age well"? Extremely ambiguous.
Bitcoin in bear phase right now, probably testing the new resistance level or continue to decline.
There are a lot of TAs predict bitcoin will drop to $7000 since last month, here we are.
Nevertheless, it should be just a temporary before bitcoin rebound to $8000 level due to we're approaching the end of the year and halving.