PANews reported on August 13 that according to CoinDesk, FxPro analyst Alex Kuptsikevich said that the Bitcoin (BTC) market showed signs of seller dominance, and the price may fall by $5,000 in the short term instead of rising by the same amount. The current price of Bitcoin is about $58,500. Kuptsikevich pointed out that Bitcoin failed to break through the $60,000 mark and encountered selling pressure at the 50-day and 200-day simple moving averages. In addition, the 14-day relative strength index (RSI) moved out of the oversold zone, indicating an increase in downside risks. The US Consumer Price Index data for July may further affect the trend of Bitcoin.