Today, Miss Rabbit's Market Analysis
In the past 14 hours, the price of Bitcoin has dropped 📉 by 3.8%, reaching the lowest point since 10 days ago!
Market bearish sentiment is growing, and various signs indicate that the price of Bitcoin is very likely to return to the previous low level from 10 days ago. This decline is quite significant, creating an atmosphere of unease in the market.
The price trend of Bitcoin had previously shown relatively strong performance, breaking through $105,000 on May 11, reaching a several-month high. The current downward trend sharply contrasts with the previous upward trend.
During the price increase phase, although there was a momentary display of momentum to reach higher points, there were also many unstable factors. For instance, in recent days, Bitcoin has seen a decrease in trading volume while most other cryptocurrencies have experienced some level of increase, which may indicate a diversion of funds, changes in capital flow, and various other factors.
