the technical situation remains precarious

Over the past few sessions the technical situation of Bitcoin ($) has weakened. Prices have in fact undergone a sharp correction and have fallen to $ 7,700. The quantitative analysis highlights a dangerous strengthening of the downward pressure: a further slowdown can push prices to 7.450-7.430 first and in the 7.230-7.200 $ area at a later time. Before being able to start a ascent of a certain consistency, an adequate re-accumulation phase will be necessary. Only the return above $ 9,200 could in fact cause a bullish turnaround.