BTC bulls faced resistance post-positive U.S. inflation data, risking more losses. Hourly and daily charts reveal increasing bearish pressure despite some support signals.
Fed rate cut bets and FTX repayments might provide BTC with support, counteracting recent bearish trends. Bullish indicators are present, but uncertainty lingers.
Supply overhang from Germany's Saxony wanes, yet the impact of upcoming Mt. Gox creditor BTC distribution remains uncertain. Bulls hope for positive momentum shift.
Price rejection at trendline raises concerns for BTC's future, mirroring past sell-offs. MACD indicator hints at potential bullish shift, amid fluctuating market conditions.
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