Bitcoin Price Is Stagnant at Around $25,000 When Will The Price Recover?

It is no secret that Bitcoin Price Action isn't very satisfying, that is also another reason why crypto is where it is.

It is psychological, if people see nothing is happening then nothing is happening and people ignore it, but when there is price action especially to the upside it attracts a lot of people and the action gets even bigger.

There is a lot of Crypto technical analysts who make their decisions based on that. And technically speaking Bitcoin chart does not look good. Monthly Stochastic Indicator turns lower. What does that mean? That means the price of Bitcoin is in overbought territory and it indicates a loss of upwards momentum. 

I drew some lines long time ago that have been doing pretty well and according to those we should start worry only if the price goes below the monthly candle below $25,000

I honestly doubt this will happen, in my opinion this is an attempt to create loads of shorts to be liquidated. 

But always do your own research before trading and stay safe!

All the best,

Aventurine!