ANALYSIS of BITCOIN (BTC)
1. MARKET SUMMARY
Currently, the price of Bitcoin (BTC) is $84,016.6. In the last 24 hours, the price ranged between $83,932.1 and $85,660.3, showing a decrease of approximately 1.39%. The trading volume in the last 24 hours was 4,589.25 BTC with a total of $389,804,459.13 in transactions.
2. CAPITAL FLOW
The capital flow for BTC shows a negative net balance of -$114,815,520, with a total of $1,578,025,081 in inflows and $1,692,840,601 in outflows. This indicates selling pressure in the market.
3. CONCLUSION
Current data indicates that Bitcoin is facing significant selling pressure, with negative capital flow and technical indicators suggesting a downward trend. The RSI below 30 suggests that the asset may be oversold, which could indicate a possible reversal in the future, but the current situation is one of caution.