From January 2023 price entered a uptrend (Higher Highs and Higher Lows).
Since July 19th to August 21th that wasn't the case anymore. Buyers failed to push the market up since last HH and created a downtrend signal.
What price could do for the next days/months
1. Continue in downtrend and come down to price 13'000 - 12750 area or
2. Create triple top and then push down
3. Consolidating further and continue in up trend
My Bias is 1.
Since July 19th to August 21th that wasn't the case anymore. Buyers failed to push the market up since last HH and created a downtrend signal.
What price could do for the next days/months
1. Continue in downtrend and come down to price 13'000 - 12750 area or
2. Create triple top and then push down
3. Consolidating further and continue in up trend
My Bias is 1.