Indicators of Upward and Downward Trends and Technical Analysis The latest data from the cryptocurrency market shows significant volatility in the price of Bitcoin (BTC), with the leading digital currency experiencing a decline of 2.30% over the past 24 hours, bringing its current price to $115,279.96. This decrease follows Bitcoin's highest price during the same period at $118,575.00, while its lowest price was $114,878.71. This fluctuation reflects the uncertainty prevailing in the market, necessitating in-depth technical analysis to understand the current indicators and predict future trends. Indicators of Upward and Downward Trends The current data indicates clear selling pressure in the Bitcoin market. The 2.30% decline and the large trading volume of 13,222.78 Bitcoins and $1.54 billion over 24 hours indicate strong downward price movement. The candlestick chart shows large red candles, confirming the sellers' dominance recently. The current price is also close to the lowest price during 24 hours, reinforcing the idea of a continued downward trend in the short term. On the other hand, there may be potential upward indicators in the long term. Some forecasts suggest that Bitcoin's price could reach much higher levels in 2025, with some expecting it to range between $131,705 and $350,000. This optimism depends on factors such as the continued growth of the Bitcoin network, favorable market conditions, and increased institutional adoption. Additionally, the 200-day moving average for Bitcoin has been trending upward since November 8, 2025, which is considered a strong indicator of long-term upward trends.