Bitcoin Rejected at True Market Mean — $49K Bottom Back in Play

Bitcoin-Rejected-at-True-Market-Mean-—-49K-Bottom-Back-in-Play

Bitcoin faced rejection at the True Market Mean price on Monday. Short-term holders were at it again, selling while prices surged. 

What happens after failure to break the level? Bitcoin may be heading for the final leg of the bear market. This time, it may register a new low. 

In other bear markets, the apex coin continued to decline until it tested the realized and investor prices. The same will happen in the coming months. These metrics are currently at $54k and $49k, respectively. This may also be the cycle's bottom.