This Indicator Hints at Short-Term Bitcoin Rally, Will BTC Price Hit $25K This Week?

The market is showing signs of weakness as the price of Bitcoin fell more than 5% in only two days and the price of Ethereum ETH dropped below $1,600. After breaking through the $24,000 support, the price of bitcoin began a steady drop. The support levels of $23,500 and $23,200 were breached.

Since the price dropped below the $23,000 level, it has resulted in disappointing price movement. According to coinmarketcap