02 AUG, 2022

Bitcoin Price Prediction: "Anything Too Clean Is Probably Dirty"

The price of Bitcoin shows reasonable reasons to enter a short position. 

However, traders should be careful as the smart money trick can accompany the newfound bearish evidence. 

As the famous entrepreneur FF said, "What's clean is probably dirty."

Bitcoin price looks weak but not dead

The price of Bitcoin may be problematic for day traders in the coming days. 

Technicals are starting to show clear evidence of trend failure. 

The Relative Strength Index confuses bearish sentiment as a clear double-top formation with a bearish divergence that manifests itself on the daily chart. 

But the BTC price has higher liquidity targets, especially the $26,000 level, which has yet to be broken.

Bitcoin price is currently trading at $23,421.