Significantly-large buy volume, one week ago; however, it was only after significantly-large sell volume, the day prior. Lots of people sold, which caused a lot of people to buy the following day, but then everything settled, and the downtrend continued.
At the same time, one week ago, RSI portrayed an oversold market.
Small price movement, so far, on the current candle. Not breaking through downtrend channel. Likely, a red candle will form next, and the downtrend will continue.
No significant reversal signals.
Fundamental analysis:
BTC has large fees, long transaction times, it's getting much harder to mine.
BTC has no actual benefit, relative to alts.
My prediction:
BTC will continue in its downtrend.
β Nio Pomilia
All of my market reports, and predictions, are based on prior knowledge ofβand sufficient experience withβtechnical and fundamental analysis, critical thinking, and logic.
Disclaimer: I am not a financial advisor; this is not financial advice. Any losses of yours, I am not reponsible or liable for. I am not recommending that you execute any of the trades or investments that I personally make, neither the ones mentioned of, in my market reports.
