Declining trading volumes and slowing ETF inflows could set the stage for a correction below $50,000 before a rally to new highs.
Bitcoin could extend its summer crab walk into September, with a potential correction below the key psychological mark of $50,000.
The Bitcoin (BTC) price has struggled to gain momentum during an over two-week downtrend. The token has fallen over 12% since Aug. 26 to trade at $56,133 as of 11:24 am UTC, according to Cointelegraph data.
BTC/USD, 1-month chart. Source: Cointelegraph
