More downside for BitcoinBitcoin all time history indexINDEX:BTCUSDBlueberryWe've been bearish for a while. We cautioned downside in April and again in May. It seems like the Bitcoin price is still looking for a floor to consolidate around. With the market now trading below the 200-day moving average, we think there is more downside towards the $40-50k range in coming weeks/months. Bear markets can be deep and slow to recover. Any bulls still holding should take downside protection. The forecasts provided herein are intended for informational purposes only and should not be construed as guarantees of future performance. This is an example only to enhance a consumer's understanding of the strategy being described above and is not to be taken as Blueberry Markets providing personal advice.