Is the bullish run coming to an end? Bitcoin down to $27,700 (-1.65%)

While Bitcoin is in the midst of a 5 day up trend, Bucking the trend and turning lower, Bitcoin is down to $27,700, after ending today at $28,163. Overall, a 1.65% loss or $462.69 today.

Investors are seeking long positions as Bitcoin price action surged above +100 — a key CCI threshold indicating an imminent bullish trend. Bitcoin has just crossed the upper Bollinger Band® at $26,061, indicating an upward correction could be on the horizon. Despite this, first developed in 1978, the relative strength index (RSI) is a momentum oscillator that measures both the speed and rate of change in price movements within a market — measured as a 0-100 index. In Bitcoin's case, the RSI has fallen below 30, indicating the asset is oversold.

Overall, looking at the technical analysis landscape, it seems Bitcoin might start pointing upward in the short term.

In the meantime, negative performances are also seen in other markets, Dogecoin is down to $0.077, losing $0.002, after closing at $0.079 in the preceding trading session.

Positive performances can be seen by looking at other markets as FTX Token is up 9.54% to $1.36.