The current price of Bitcoin is fluctuating around $78,842, after reaching a new peak above $79,000, indicating strong growth but also accompanied by significant volatility. With this price surge, some analysts warn of the possibility of short-term price declines due to factors such as selling pressure or concerns about risks from excessively high long positions.
The current trend may present a good opportunity for traders to consider short selling, especially if technical signals and trading volumes indicate signs of a reversal. Recent market indicators have also recorded a decline in daily trading volume, which could signal selling pressure in the near future.
