Bitcoin Stagnates Amidst Analyst Forecasts of Potential Price Decline

Recent analysis suggests that Bitcoin (BTC) is currently hovering around $111,000, facing resistance as its price struggles to hold above the key support level of $112,500. Roman Trading, a prominent analyst known for his historically accurate bearish predictions on Bitcoin, believes further declines are likely. Roman’s analysis incorporates insights from the Euro chart, highlighting the absence of a new all-time high (ATH) for BTC/EUR pairing since last year.