NoaTrader

BTC, TIME is lowering the power of bulls for passing up 25.2K

BINANCE:BTCUSDT   Bitcoin / TetherUS
as you can see on the chart, the overall regression trend is upward but as the time goes further the buyers are less willing to pay higher price for bitcoin and that is the reason for a lower high and a lower volume at the top comparing to the last time price touching 25200$. Also, there are less sellers at the bottom, comparing the price and volume, BUT the recent price action is becoming weaker and weaker unable to pass the recent resistance at 24600$. Until the price is not above 24600$ the short term trend is not bullish. Maybe bulls need a lower low for accumulation and then pass 25K. Evidence from the chart is neutral but I feel the price will go lower from here.

nfa & dyor
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