Bitcoin has seen a slight decline.
The main reason for the drop in Bitcoin’s price is attributed to selling by miners. Most miners are viewing the market unfavorably and have continued to sell.
Currently, Bitcoin has a large number of open interests accumulating, and many believe this point to be a turning point.
However, there are no significant reasons on the chart for Bitcoin to make a move. It has been steadily rising, and while it’s in a temporary stagnation phase, there are plenty of reasons for it to test its all-time high again.
Most market participants are currently predicting a decline.
I, however, predict a rise.
I believe the price will increase over the next 24 hours.
There are signs of a whipsaw pattern on the Bitcoin chart, which hasn’t been seen before, and previously, if there was no sense of a single large player manipulating the market, it now feels like they are back.
Whether the price moves up or down, there is likely an intent to create movement.
Volatility is also expected to increase significantly.
I hope my prediction for the next 24 hours turns out to be correct.
Thank you.