HomeUncategorizedSo what if Bitcoin price keeps falling! Here is why it’s time to start paying attention By Cointelegraph

So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention By Cointelegraph

September 30, 2022

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So what if Bitcoin price keeps falling! Here is why it’s time to start paying attention

For bulls, Bitcoin’s (BTC) daily price action leaves a lot to be desired, and at the moment, there are few signs of an imminent turnaround.

Following the trend of the past six or more months, the current factors continue to place pressure on BTC price:

weekly chart relative strength index. Source: TradingView
BTC/USD weekly chart. Source. TradingView
BTC weekly MACD. Source: TradingView
BTC/USD weekly chart reflecting bullish divergences. Source: TradingView
MVRV Z-Score. Source: Glassnode
Bitcoin reserve risk. Source: LookIntoBitcoin