Bitcoin has been stuck in a bear market since December 17th, 2017.
Its weekly chart is oversold and probably close to a trendchange.
Professional money has not yet fully positioned for a new rally.
There is sentiment signaling fear and anxiety.
Bitcoin is a contrarian buying opportunity.
Bitcoin (BTC-USD) has been in a correction since late June. Prices below US$8,000 have been anticipated and are now reality. So far, the fourth quarter has not (yet) brought any larger recovery. Instead