Bitcoin's price has decreased by 6% over the past four days, leading to a decrease in trading activity among US-based investors. The decline in trading activity is reflected in the decline of BTC's Coinbase Premium Index and Coinbase Premium Gap, both of which indicate weaker demand or selling pressure from US investors. Additionally, the Parabolic Stop and Reverse (SAR) indicator on BTC's daily chart confirms a downtrend. If the downward trend continues, Bitcoin may break below its support level and fall to $80,159, but if buying activity resumes, it could potentially reclaim its all-time high of $99,419.



Other News from Today