BTCUSDT 4H | Bitcoin market overview: Price drop

Hello, dear subscribers!

In the previous review, we considered the main case scenarios in the bitcoin market.
The bears successfully took the initiative, the resistance of $61,000 and $59,200 were broken through, after which the price rapidly fell to $50,931. This was followed by the correction, in which the bitcoin price is currently. At the same time, there is a situation, which tells about the soon continuation of the fall. Successive rising peaks of the RSI indicator together with successive declining peaks of the price form a pattern, which, if the $53,000 break down, can correct the price to $45,000. Also the decreasing value of the OBV indicator shows a consecutive decreasing value.
A bearish scenario remains the most likely in the bitcoin market as the bitcoin price is under the $57,500 and $59,000 resistance levels. The scenario described above will be broken if buyers manage to secure the bitcoin price above $57,500. Until then, the bitcoin market is in bearish hands.

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