Appetite for risk is declining
Since then, the price has started to oscillate within a slightly ascending channel, but with weak volume. For technical analysts, this behavior suggests only a pause before a new downward movement. A breakout below the lower line of this flag could open up space for an additional drop.
The technical projection of this formation points precisely to the region between $70,000 and $72,500. Thus, analysts like James Check and Sellén have already mentioned this range as a plausible target in recent weeks, aligning graphical analysis with macroeconomic fundamentals.#CriptoRevolución
In addition, another observed factor is the reduction of appetite for risk in global markets. In environments with higher interest rates, investors tend to prioritize liquidity and protection, decreasing positions in volatile assets. In this context, Bitcoin ceases to act as a short-term bet and faces greater selling pressure #bitcoin $BTC
