Look at the current 4 hours chart of BITCOIN:
- Ascending Channel
- Double top
- Declining Volume
- Declining RSI
Now look a few weeks before:
Very similar situation, isn't it?
At this moment, BTC is sustained by the bleeding of the altcoins since does not look that FIAT is entering in the market.
DEFI cryptos are punished the most while major altcoins keep somehow stable...
This price action is happening while major BTC transactions are appearing. Just a few hours ago
$1,000,000,000 Bitcoin Transaction has been detected.
.
Whales are moving.
Obviously, no one can know with certainty towards which direction the market will move next but, I should say that another 20% drop in this, still, accumulation phase would not be a surprise today.
*Disclaimer: This is just my personal point of view, please, do your own assessment and act consequently. Neither this post nor myself is responsible of any of your profit/losses obtained as a result of this information.
