$BTC Bitcoin Daily Chart Analysis: Bearish Signs Ahead?

Looking at Bitcoin’s daily chart, we can see that it has closed in the red every day since last week. While upward moves happen in shorter time frames, downward movements are spread over multiple days. Even though the market seems eager to rise, it struggles to gain momentum.

Bitcoin appears to be standing at the edge of a cliff, and a breakdown seems imminent. I wouldn’t be surprised to see it drop to the $57K levels soon.