CryptoOnchain
The market is in a decision situation, but it seems that the rise of the market is not supported
Examining the technical and market conditions shows that although the market is in decision-making conditions, there is no support for the market's rise. In technical analysis, Bitcoin has formed a rising wedge pattern below the resistance line. At the same time, RSI and MACD oscillators have negative divergence. This is a pre-signal for bearish market conditions Onchain Analysis also confirms this issue The increase in transactions and active addresses can indicate the market's support for the price increase. In the past weeks, although we had a relative price increase, the number of transactions and the number of active addresses have decreased. This indicates a negative divergence The buyer/seller ratio has also been decreasing recently. These things confirm the technical analysis and are a pre-signal of the possibility of price reduction