FxPro Analyst: The BTC market shows signs of seller dominance, predicting that the price of Bitcoin will fall again in the short term
In a message from ChainCatcher, Alex Kuptsikevich, senior market analyst at FxPro, stated that the BTC market is showing signs of seller dominance. He predicts that the price of Bitcoin will fall again in the short term and could drop by around $5,000. He added that the current 14-day Relative Strength Index (RSI) no longer indicates an oversold situation, suggesting there may be further room for decline. This aligns with recent conditions where sellers have dominated in the $60,000 range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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