On Thursday morning, Bitcoin continued its downward trend and continued to decline. The current price is $44,150. Bitcoin will soon become a $100 trillion asset class. In the past two weeks, the inflow of Bitcoin on exchanges has increased, an increase of about 26% compared to a month ago. In general, Bitcoin is still flowing out of exchanges. The adoption rate of cryptocurrencies increased by 881%. Twitter CEO: I am trying to mine Bitcoin, the Dutch Central Bank: Binance is banned from operating in the Netherlands.
From a technical perspective, Bitcoin’s daily candle is under pressure on high position. Bitcoin is closed by three consecutive bearish candles. Bullish momentum is weakened, MA forms the Death Cross. H4 graph shows the bottom ladder trend. The indicators show bearish signal. Pay attention to the support point of the previous low position. Overall, prioritise Sell within the fluctuation zone. The chart below is showing the key point and the estimated trend, the deciding point whether to buy or sell is near 42500.
Resistance ：45000-45900-46800
Support：43700-42500-41000
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