Bitcoin in the last ten days (BTC) $102,846.63 The price follows a horizontal course that fluctuates between 105 thousand and 101 thousand dollars. According to the latest data, BTC decreased to 103.3 thousand dollars on May 17, decreasing 2.52 percent in the last 24 hours. Ethereum (ETH) 
$2,485.07 The largest digital assets, especially in parallel with Bitcoin, have lost value and increased the concerns of investors.
Technical indicators give negative signals
According to experts, three main reasons for the price of Bitcoin may fall. The first reason is the signs of slimming and correction in technical indicators. Recently, the number of daily active addresses in the Bitcoin blocking and a decrease in new address opening. Nevertheless, the fact that prices continue to rise is considered as an example of a classic negative incompatibility.
Existing technical analyzes show that the momentum in the market is reduced and investors are cautious. Experts state that these data may indicate a correction movement. This mismatch in the graph reinforces the likelihood of the market to move down in the short term.
Macroeconomic developments increase uncertainty
As another factor, global macroeconomic uncertainty stands out. The monetary policies followed by the US Federal Reserve (FED) cause fluctuations in the crypto currency markets. In particular, the firming steps of the FED are distant from risky assets.
In addition, the impact of trade wars initiated by the US administration on financial markets continues. These developments create a stress that affects not only crypto currencies but also all investment instruments in general.
Historical Performances Support Doubts
The third important element is the historical returns of Bitcoin. It is seen that there were harsh retreats after the emergence of similar technical and macroeconomic environments in the past. For this reason, some analysts share the view that the current consolidation process may result in a correction. “The decrease in the number of new addresses in Bitcoin can be interpreted as the price of the upward movement in Bitcoin. This can put pressure on the price in the long term.” He used his words.
Expert warnings and previous price movements lead to an assessment that a possible price decrease can be caused by existing signs. In particular, the co -operation of macroeconomic developments with technical analysis indicates that the risk continues for investors.
In this period when direction of finding direction in the crypto currency market is difficult, investors should act cautiously. The level of 99 thousand dollars in BTC price remains important as psychological support.
The technical and macroeconomic indicators following a horizontal movement indicate the possibility of a downward pressure in the short term in the price of Bitcoin. It is recommended that investors take into account the existing data and evaluations when making transaction decisions. In particular, the course of the new address and the number of active addresses may be decisive for price movements in the coming days.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
