Bitcoin seems bearish to me.

BTC Analysis - 10 Feb 2023 - ShawnMCR


2/10/20231 min read

In the last analysis, we were waiting for the price to pass the resistance level and push back up, but it wasn't strong enough.

The sell volumes were so high that the price passed the channel and fell below it.

Right now, the lower band of the channel might work as a dynamic resistance.

Besides that, we can also see static resistance levels pushing down on price.

There are three scenarios on the chart, and they are all bearish.

Watch out for now.

Let me know if you guys have any questions;

I will be more than happy to help.

Good luck, and thank you.

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