CryptoOnchain
The possibility of a price drop due to short-term investors selling
Technical View: Bitcoin has formed a rising wedge pattern. On the other hand, below the resistance line, we see a negative divergence in RSI and MACD oscillators. These can be a pre-signal of the possibility of wedge breakdown. Onchain View: SOPR of short-term investors has reached level 1 in a downward trend. In downtrends, when this happens, it means that short-term investors get out of losses and increases the possibility of selling by them. This is in harmony with the technical chart