I do not see yet one reason for this, the market is overbought, take a look at the , and how quickly we have grown from 5k to 20k. now bitcoin is in the downlink, and is looking for support, we have not yet fixed the figure - 10,000, but have not broken it, this level is very strong, psychologically. Probably, we will test it more than once before we fly away with a stone.
as can be seen the bulk of the purchase was in the area 5-8k. these are the levels that are worth watching when we start going down. I do not use any indicators, but they are not needed. you see the levels, and Fibonacci is all that's needed. Fibonacci should become your God.
we have the opportunity to go to the top of the , to the area 15k at the current time - but it does not matter - this is just an excuse to drop holders of short positions - those guys who like to take a full basket marginal - and go home in shorts.
my prediction is that bitcoins will go down to the area 5-8k before they find the channel of procuring, so that after a while again go to new highs. But this is a completely different story, and now we are seeing a RED TO THE MOON. Join now!
We need a few days or weeks to consolidate and break through the psychological level of resistance in 10k
break or not ? )))