Crypto Daily – The ($BTC) price is on the way back down after recording the latest in a series of lower highs. Could this be a roll-over, down from the top of nearly $100,000, or is this just a period of consolidation and accumulation before going much higher?
Third successive downward day for Bitcoin
Around 2% down early on Monday, the Bitcoin price is on its third downward day since hitting $98,200, which failed to make a higher high. In fact, the $BTC price has been rolling over since almost hitting the all-time high on Friday 22 November.
We are now into December, and this slight downward trend has not been arrested yet. Could it continue, or will the U.S. Spot Bitcoin ETFs, Microstrategy, and all the various institutions adding Bitcoin to their treasury, force the price back up again?
Bitcoin price traverses inside triangle
Source: TradingView
The short-term time frame for $BTC is not showing signs of any heavy downside to come – at least…
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