Currently, Bitcoin's short-term trend remains bearish. It has yet to confirm any bullish trend reversal. Crypto analyst Josh said in his latest analysis that Bitcoin is still showing a short-term bearish signal. He also said Bitcoin has seen a repeat of past price movements.Analyst Josh checked the Bitcoin chart, he found that the DXY (U.S. Dollar Index) was trending higher, making higher lows and higher highs, indicating a bullish trend for the DXY. Since Bitcoin was around $67,000. When DXY trends upward, it usually means bearish momentum for Bitcoin and vice versa.
What I'm more concerned about is those who are bearish and believe bitcoin will fall more in the short term, are they opening any short positions? Or are they just making these predictions just because bitcoin has been correcting over the past few months and think it will continue correcting? Their predictions are just like ours, they may be right or wrong, you don't need to trust too much in the predictions from those self-proclaimed experts.
To me, bitcoin is unpredictable and will become even more unpredictable in the short term. So ignore those predictions and do your own analysis, or hold on tight to your bitcoin and sell only when it hits your target. Don't care too much about other people's predictions because sometimes it will make you panic and make wrong decisions such as selling bitcoin at this time.