#BTCOutlook
Hey everyone,
It’s been a tough week for Bitcoin ($BTC) holders. Over the past 7 days, BTC has dropped by 5.46%, now sitting at $97,092.01—a significant 10.39% below its weekly high. Adding to the concern, trading volume has plummeted by an astonishing 99.77%, signaling a sharp slowdown in market activity.
What does this mean for us as traders or enthusiasts? The technical indicators offer a mixed bag. The MACD shows some bullish sentiment, but the price action doesn’t agree—it’s still heading south. The RSI feels neutral at first glance but seems to carry underlying bearish vibes. The OBV trend? Also pointing downward. And with Bollinger Bands expanding, it’s clear we’re in for a ride—volatility is ramping up.
These are the times that test us as a community. How are you all navigating these swings? Share your strategies—I’d love to hear your thoughts!$BTC