After this pushdown, the Bitcoin price has consolidated below the support level in the last few days. While this could sometimes mean a gathering of momentum to facilitate the next move upward, the crypto analyst explains that this means there is hesitation in the market. Since investors are not willing to move forward and remain cautious, the potential for a bearish reversal is increased as pressure rises.
In light of the piling bear pressure, Helen has predicted that the price could move downward toward the next support level. This lies at $103,000 as the corrective wave moves into motion. It also coincides with the declining trendline from the mid-June peaks.
