BTCUSD ❕ negative market sentiment
Bitcoin continues to move in a downward channel.
Volatility has declined.
In an area with little trading history there has been a quick bounce.
Now the longest drop since 2015 is taking place for 7 weeks.
The market sentiment is negative, the funding rate has become negative.
A large outflow of funds from the exchanges has been recorded.
On the 4H Timeframe the price is testing 50MA.
I expect that Bitcoin may reach the resistance level if it fixes above $30,000.
Volatility has declined.
In an area with little trading history there has been a quick bounce.
Now the longest drop since 2015 is taking place for 7 weeks.
The market sentiment is negative, the funding rate has become negative.
A large outflow of funds from the exchanges has been recorded.
On the 4H Timeframe the price is testing 50MA.
I expect that Bitcoin may reach the resistance level if it fixes above $30,000.
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