A technical glance has shown that it is in a resistance zone, specifically near the descending diagonal. (The monthly view shows that there is a possibility that this diagonal may prevail). *To Open on Red see Profile

The recent price action of Bitcoin shows a continuous weakness, as the asset struggles to find direction amidst weak macroeconomic signals, presenting a bullish-neutral prediction.

The lack of momentum has kept BTC falling for several days, but the expected 25 basis point rate cut by the Federal Open Market Committee on Wednesday could change sentiment. Whether this becomes a catalyst depends heavily on how short-term holders behave.