Our recent Bitcoin prediction came true, and the rate could get to $8,000, but then came back to $7,900.Yesterday, during the recovery, the price of BTC set a maximum at $8,090. It was assumed that in the area of average prices, the pair would turn to decline, but in the second half of the day, the average purchase volumes allowed the BTC price to fix in the lateral range. Bitcoin is consolidating in the area of eight thousand dollars and is not in a hurry to decline.
It is possible that the decline in the specified area of 7400.00 USD may begin today. We see that on a four-hour timeframe, in the overbought zone, the Stoch RSI formed a signal to decline. It is worth noting that the signal is rather weak and the four-hour moving average EMA55 can still hold BTC in the area of average prices for some time.