#ChristmasMarketAnalysis
Hey everyone,
It’s been a tough pre-Christmas week for Bitcoin ($BTC). Over the past 7 days, the price has dropped by 8.01%, now standing at $95,443.99—a steep fall from the week’s high of $108,353.00.
But here’s something interesting: while the price is down, the capital inflow into BTC has flipped from a negative flow of -1,042.94 BTC to a positive 1,363.92 BTC. This could mean that despite the drop, big players or institutions might be quietly accumulating.
The technicals tell a mixed story. The MACD is hinting at potential bullish momentum, but the OBV and Bollinger Bands still show selling pressure and low volatility. These conditions could point to an oversold market—and possibly, a reversal soon.
Friends, what do you all think? Are we nearing a bounce, or should we brace for more turbulence? Let me know how you’re managing the ride!