Bitcoin STH RP has turned downwards, dropping significantly by 1500 points yesterday, from $85,521 to $84,016.

As the market continues to pull back, it is likely that STH RP will continue to decline. Currently, MA105 is at $78,583, increasing by more than $300 each day. If this continues, it is possible that in one or two weeks, when the two overlap at some position between $80,000 and $83,000, Bitcoin will have completed its pullback.

Initially, it was thought that the support level at $85,000 would be relatively stable, but it now appears that this support level is not as solid.