![Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest Bitcoin, Ethereum bears are back in control — Two derivative metrics suggest](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=840/https://s3.cointelegraph.com/uploads/2023-05/6d6be612-0a75-496a-b7de-4602f79b593b.jpg)
A bearish market structure has been pressuring cryptocurrencies’ prices for the past six weeks, driving the total market capitalization to its lowest level in two months at $1.13 trillion. According to two derivative…
![K retest the most likely path for Bitcoin, according to 2 derivative metrics K retest the most likely path for Bitcoin, according to 2 derivative metrics](https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=1200/https://s3.cointelegraph.com/uploads/2022-12/5358e1c7-935c-4688-a965-1db02060c2cc.jpg)
Bitcoin (BTC) broke below $16,800 on Dec. 16, reaching its lowest level in more than two weeks. More importantly, the movement was a complete turnaround from the momentary excitement that had led to…