The markets are consistently shrinking because the bears have strengthened their roots prior to now few weeks. The contemporary bearish motion has slashed the market cap beneath $800 billion on account of which the Bitcoin worth and the opposite altcoins stay largely consolidated.

Nevertheless, as per some speculations, the BTC worth might discover new bottoms within the coming few days forward. Therefore, the present bearish motion is anticipated to accentuate which can drag the value near $15,000. 

The BTC worth continues to manifest a boring commerce with dropped volumes and volatility. Regardless of a few bullish situations that occurred within the first few days of the week, the value moved decrease suggesting the bearish pattern prevail. Therefore, contemplating the present commerce set-up and the technical fractals, it could be assumed that star crypto might stay closely consolidated for an prolonged interval. 

The BTC costs are consolidating inside a slim vary, capped inside the area just under $17000. The help right here coincides with the November highs