{"translations":[{"detected_source_language":"EN","text":"Bitcoin's struggle to regain strength could indicate a bear run"},{"detected_source_language":"EN","text":"According to experts and analysts, the prolonged dip of Bitcoin price might be pointing towards the beginning of a cryptocurrency winter."},{"detected_source_language":"EN","text":"Bitcoin price has been threatening a further drop, trading near the $30,000 USD support level early this week. To make matters more volatile, experts and analysts in the field are predicting that the token will possibly be looking at a bearish trajectory. <strong>Bold</strong>\n\nWith a nearly 11% price drop over the past 24 hours of trading, Bitcoin is showing little to no signs of a short-term uptrend. After tagging an all-time high of $64,863 USD in April, Bitcoin has struggled to retain any strength in the market. At the time of writing, the cryptocurrency is looking at a $32,759 USD price tag. <strong>Bold</strong>\n\nAccording to Janet Yellen, United States Treasury Secretary, has voiced that she foresees higher inflation - an indicator that would usually promote the price of Bitcoin. Instead, Bitcoin dropped a further nearly $1000 USD after a minor rebound back to $33,000 USD. <strong>Bold</strong>\n\nCrypto Ed, one of the industry's prominent traders, noted that he sees Bitcoin bouncing down before taking a step back up:\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https://twitter.com/hashtag/BTC?src=hash&amp;ref_src=twsrc%5Etfw\">#BTC</a> update\nIt did the white ABC I posted before the weekend. Now in green box but I'd expect 1 more leg down today, followed by a bounce to ~35k\nFrom there down again, sub 30k, or \"up only\" again, but the latter feels more like a miracle tbh. <a href=\"https://t.co/WuLcdzbcnY\">pic.twitter.com/WuLcdzbcnY</a></p>\n- Crypto_Ed_NL (@Crypto_Ed_NL) <a href=\"https://twitter.com/Crypto_Ed_NL/status/1402155208147443713?ref_src=twsrc%5Etfw\">June 8, 2021</a></blockquote>\n<script async=\"\" src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"></script>\n<h2>Bearish news for the market?</h2>\nWhile it is still early days, analysts believe this might be the beginning of another cryptocurrency winter heading out of a significant bull run. As Timothy Peters, of Cane Island Alternative Advisors investment, put it, this drop has lasted 17 days consecutively with no signs of a rally. He noted that historically, this has signalled the end of a bull run.\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\"><a href=\"https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin</a> price has dropped below 200-SMA for 17 consecutive days and counting. This metic has *always* marked the end of a bull run and the start of a bear market. <a href=\"https://t.co/6dpiFbUI7A\">pic.twitter.com/6dpiFbUI7A</a></p>\n- Timothy Peterson (@nsquaredcrypto) <a href=\"https://twitter.com/nsquaredcrypto/status/1401886562749648900?ref_src=twsrc%5Etfw\">June 7, 2021</a></blockquote>\n<script async=\"\" src=\"https://platform.twitter.com/widgets.js\" charset=\"utf-8\"></script>"}]}