Last trading week in the BTC market showed that buyers are not ready for the beginning of a new medium-term growth wave. Most of the growth was blocked by sellers over the past week. The weekly candle closed with a large pin-up and below the $42,000 range. The most important thing is that the active response of sellers and the reduction of the price by 13% during the week took place without increased trading volumes. This fact pushes the idea that the downward trend from November 2021 is not over. And ahead is the attempt of sellers to test the mark of $30,000. https://www.tradingview.com/x/cwkN2487/ The new trading week began with the Bitcoin price growth. Therefore, to expect this week buyers’ attempts to test the $42,000 mark – the scenario is quite likely. To fully confirm the weakness of buyers, the BTC price should grow gradually to $42,000 in 2-3 weeks. This will express the complete disinterest of buyers to start a serious increase in this price range. Technical Analysis Of BTC On The Daily Timeframe https://www.tradingview.com/x/vFGhToM4/ Analyzing the price movement on the daily timeframe, we can see the main support of buyers, which started the local growth wave on 24 January. The liquidity is concentrated in the $36,000 range, which can help keep the BTC price during the current sellers’ aggression. If we see that the BTC price fall in the daily timeframe begins to slow down and trading volumes increase near the ma...
