Bitcoin Technical Analysis
The BTCUSD is trading around $26,395 this morning after a failed attempt to break the $27,116 last week. The previous daily candle is a long wick shadow candle, showing the strength of the bears in the market. This scenario is stronger with the RSI indicator hovering below the level of 50.
With the price below the $27,000 barrier, it is likely for Bitcoin to decline and test the $25,000 support again.