Bitcoin has had a rocky past few weeks and months as BTC failed to maintain its foothold within the five-figure price region and has continued to face heightened selling pressure over the past several days and weeks.<\/p>\n
This bearish price action has significantly hampered the overall sentiment surrounding Bitcoin and the aggregated crypto markets, but one key technical indicator is now noting that the crypto could end the year on a high note.<\/p>\n
At the time of writing, Bitcoin<\/a> is trading down nearly 2% at its current price of $8,050, which marks a notable retrace from its recent highs of over $8,500 that were set earlier this week.<\/p>\n It is important to note that Bitcoin\u2019s lackluster price action<\/a> that has occurred over the past several days and weeks has been the result of its violent break below $10,000 that came about in September after the crypto broke below the apex of the bearish descending triangle that it had been caught in for the summer months.<\/p>\n BTC\u2019s bearish price action as of late has significantly hampered the excitement that the markets had incurred throughout BTC\u2019s parabolic rise in the first half of 2019.<\/p>\n This becomes abundantly clear while looking towards Twitter activity surrounding the Bitcoin keyword, which has dived as of late.<\/p>\n \u201c#Bitcoin Twitter mentions hit all-time-low,\u201d Unfolded, a market insights group, explained in a recent tweet.<\/p><\/blockquote>\n #Bitcoin<\/a> Twitter mentions hit all-time-low pic.twitter.com\/WW7wH3eksm<\/a><\/p>\n — unfolded. (@cryptounfolded) October 4, 2019<\/a><\/p><\/blockquote>\n\n