Despite the downturn, exchanges say they are looking to build up their infrastructure for when the next big boom in crypto rolls around.
Crypto markets rose despite regulatory crackdowns from the U.K. and China. Analysts expect continued resiliency above $30K support.
Cryptocurrency markets will likely stay under sell pressure for the next few weeks, but data points indicate this bear market may be short-lived.
BTC buyers struggled near $40K resistance this week. Upside appears to be limited.
A death cross occurs when the 50-day moving average crosses below the 200-day moving average.
BTC will need to remain above $30,000 to avoid entering bear market territory.
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.
Bitcoin could be in for a long, cool spring of modest new all-time highs followed by sudden dips.