Bitcoin Price Falls Back Below $20K As Outlook Looks Brutal.

The hope of reaching a bottoming zone exists, however.

The price of Bitcoin has just dropped back below $20K.

Slightly of course, as the price is at $19.9K as I write this. Nothing alarming, as Bitcoin continues to move sideways in a range between $19K and $22K.

The mild euphoria of last weekend with a local high of $22.4K was short-lived. This was to be expected, as the entire market is waiting for the big d…