Bitcoin (BTC) is currently trading sideways near the 200-day Simple Moving Average (SMA), maintaining a seventh consecutive day in green territory. However, recent price movements suggest bearish pressure persists, as investors await crucial US inflation data this Friday and navigate uncertainty surrounding geopolitical events like trade tensions and the ongoing US government shutdown. This hesitation is reflected in the momentum indicators – the RSI remains below its neutral 50 threshold, while the MACD keeps displaying negative signals. Technical analysts are concerned about a potential bearish crossover between the 20-day and 50-day SMAs, which further reinforces the expectation of limited upside for Bitcoin in the short term.