BTC update. Bulls are missing!!!
BTC Update!
Bitcoin has been trending slightly downwards for 2 weeks now. I noticed rising volume with selling pressure whenever the price tries to break through the resistance level. There are no signs of bulls stepping into the market, only accumulation in the support zone. The most probable outcome in this scenario is for the market to continue trending down to the next support zones, where measured demand for BTC is at 28045 and 27452.
Not financial advice!
Bitcoin has been trending slightly downwards for 2 weeks now. I noticed rising volume with selling pressure whenever the price tries to break through the resistance level. There are no signs of bulls stepping into the market, only accumulation in the support zone. The most probable outcome in this scenario is for the market to continue trending down to the next support zones, where measured demand for BTC is at 28045 and 27452.
Not financial advice!
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