Technical analysis (1D):

• 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.

— Nio Pomilia

All of my market reports, and predictions, are based on prior knowledge of—and sufficient experience with—technical 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.

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