It seems the bearish Bitcoin price trend is slowly coming to an end. It is still way too early to tell how things will evolve for Bitcoin over the next few days, but things are slowly looking up.
More specifically, the Bitcoin price is still down from its recent all-time high, but the massive dip to almost US$6,400 has been reversed for now. With the Bitcoin price back to US$6,645 right now, it will be interesting to see how long it takes to reach US$7,000 again.
No one can deny the past few days have been pretty tense for Bitcoin. With the Bitcoin price reaching a new all-time high a few days ago, things were looking pretty bullish.
Ever since that time, however, the Bitcoin price has dropped by over US$1,200 in a few days. Most of this money has flown to Bitcoin Cash, pushing this altcoin to a new all-time high in the process.