BTCUSD price stays in a strong uptrend without any significant reasons for that. According to technical analysis, the downside correction is expected, but bitcoin is hardly to be analyzed via only technical factors.
Significant shadows on the top of the latest candlesticks signals about weakening of the bulls and it is good time for a flat, but everything can suddenly change.
We note that BTCUSD price went up by 111% for the last 2 months.
