02 AUG, 2022

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

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

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

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Bitcoin price looks weak but not dead

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

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Technicals are starting to show clear evidence of trend failure.

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

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

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Bitcoin price is currently trading at $23,421.

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