The Bitcoin price is showing a bearish outlook, with the cryptocurrency forming a possible head and shoulders (H&S) pattern and a falling divergence of the Relative Strength Index (RSI). There is a potential macro reversal pattern in the daily timeframe, suggesting that Bitcoin could drop to around $91k. The bullish sentiment has cooled down after the inauguration of pro-crypto US President Donald Trump, possibly due to the sell-the-news narrative. Long-term investors are still accumulating Bitcoins, while short-term traders are focusing on altcoins. The upcoming policy rate announcement by the Bank of Japan and the Federal Reserve's interest rate policy change will likely impact traders' decisions. The unpredictability of the Trump administration has added complexity to the market, especially with recent higher-than-expected inflation data.



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