50 day average is still climbing which is good but we have a weeks worth of trend decline seems like. The reasonable assumption at this point is we are quite likely continue that decline.
My overall presumption so far not yet disproved unfortunately is that every attempt we have to break range is going to keep failing. Upwards wont break free but fall back and even negative sells are bought up hence a resigned position continues back and forth up and down ad infinitum.
Yep, it seems that when we try to break our have a break out run, suddenly the price will go on the opposite side. Not sure what it is, perhaps there are selling pressure when we reach like $71k and there are speculators shorting Bitcoin that time to make quick profit. We can understand that, regardless though, we still have 6 months to go for this year, anything can happen and I do believed that TA will corresponds to a new high in price. We just need to see one movement or a positive news to push the price to $70k and maybe at that x attempt, we will finally maintain that price and then go up again to set new ATH.
I would say that people usually do not want to sell but when you think about the future, you realize that you have seen one too many times when it reached 72-73 levels give or take, like the peak, and you know that why would you keep it going after that knowing that each time it has done that, it went down.
People do not trust each other, which means that we are going to end up with something that will take a lot of issues and we should probably consider how it could move differently, it is not going to be too simple and it will not be understood all that easy. If we keep thinking that others will join us when we buy, then when others sell we will be left with a bag, that is why whenever it peaks, everyone sells while few just holds.
