Love technical analysis. It can explain every price movement ... after the fact.
However if you also involves fundamental analysis to support your technical analysis, With it you will be more confident with bitcoin price forecasts. IMO
Well, sometimes I feel like technical bitcoin's price analysis is like trying to use mathematical formulas to determine weather forecasts.
It doesn't tell you anything useful until changes are apparent to the naked eye.
Why I want to know here. Why we are observing price decline? There wasn't really any significant bad news recently.