CoinVoice recently learned that according to Jinshi, Rob Ginsberg, a chart analyst at Wolfe Research, said: "The current situation in the entire cryptocurrency field is not optimistic. Bitcoin is still trapped in a downward channel and the price is gradually falling from its high in March. Although a short-term breakthrough will be very positive, we still respect this general trend. In the next few weeks, Bitcoin may return to the bottom of the range, that is, the low point of $50,000.

Since topping out in March, Bitcoin’s trend has been deteriorating, with a series of lower highs and lower lows, and unless this trend changes, either with a breakout or a more gradual reversal, we will continue to remain bearish on Bitcoin’s price in the short to medium term.” [Original link]