According to the daily time frame, the picture is not optimistic for bulls. The volatility
is getting lower, as well as, the local peaks. The bearish trend
has not fully started so far as Bitcoin
) is still above $8,500. However, the ongoing sideways trading is about to switch to bears' dominance if the leading crypto cannot fix above the $9,500 soon. If that happens, the closest support is $8,700.