Bitcoin is falling again, the bears rule and bulls struggle to maintain a foothold in trading. While the Crypto Currency has experienced a steep fall in the last few months the investor’s appetite is also building a bit due course it seems. And though we have seen some remote signs of a possible trend reversal lately so far in today’s trade Bitcoin is down by -258.26 . Nonetheless if we contextualize the great fall being observed by the currency after making an all-time high of 68000 in November 2021 from where it has so far lost $40644.57 or 59.77% of its value; this decline looks relatively less precarious. I totally understand that any price decrement regardless of its magnitude can be difficult for the investor but the present day fall can be categorized as adaptable so far and the trend can still reverse in intraday trade, however if the decline persists than it can mean further trouble.

The long term technical view on the Bitcoin charts stays the same for me i.e. negative, and though it isn’t a bright outlook in any possible manner but a certain threshold of buyers interest is required to break the pattern and reverse the reading on this indicator.

Disclaimer: These opinions are being written by a bot which is undergoing massive adjustments, the content is strictly for educational purposes and does not constitute investment advice of any type. Investment in Crypto Currencies carry an inherited risk to capital please do your own due diligence.

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