Bitcoin will see ‘long bear market’ says trader with BTC price stuck at $19K

Bitcoin (BTC) failed to reclaim recent losses into July 2 as traders prepared for stagnant price action to continue.

BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView

“Downtrend acceleration” still in force

Data from Cointelegraph Markets Pro and TradingView tracked a limp BTC/USD as it chopped around the $19,000 mark into the weekend.

The Wall Street trading week had finished without surprises, with United States equities practically stagnant — providing little impetus for crypto…

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