Bitcoin rebound attempts are accompanied by an increase in trading volumes. On the whole, since August 13, they have grown by 56%. At night, buyers pushed Bitcoin above $10,400, but by Friday morning Bitcoin had fallen back under $10,000. The confrontation of bulls and bears this time seems especially fierce, but the potential of bears at the moment looks more significant due to the existing technical picture.
The BTCUSD declined under the 50-day moving average, which had previously withstood several times, and it is a strong signal to sell for the fans of the tech analysis, which is very popular among the traders in the crypto market.