The trading volumes have decreased significantly over the past day as the buyers seem to be in short supply in the market.
The Bitcoin price in the past week followed a decent upward trajectory which was successful in halting the downtrend, yet towards the end of the week, the price is again declining as a result of choppy price action.
The asset has strong negative momentum and further decline is indicated should this level break as the asset continues its march towards the oversold region.
Bitcoin Price technical analysis depicts that the asset is looking poised to end the weekly trade on a huge bearish note as the buyers seem to be a little exhausted at the current price levels.
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