Losing streak continues, Bitcoin lost $150.63 to $27,378 adding to its four consecutive days of drops

Bitcoin slides down from $27,529 to $27,378 today, losing $150.63 (0.55%).

United States Building Permits is next today at 13:30 UTC.

Bitcoin could begin to recover as it approaches significant support, now $360.25 away from $27,018. Dipping below could be an indication that further losses are ahead. Bollinger Bands® shows an indication of recovery: the lower band is at $26,432, a low enough level to, generally, suggest that Bitcoin is trading below its fair value.

Technical analysis shows that Bitcoin (currently on a downtrend) might reverse course and start going up in the short term.

In the meantime, negative performances are also seen in other markets, after ending today's session at $6.63, UNICORN Token USD lost $0.197 and is trading around $6.43. Bitcoin Cash draws back 1.31% to trade around $117.74.

Other assets are showing positive performances as FTX Token gained 9.54% and is currently trading at $1.36.

Looking ahead, ongoing depreciation may be prolonged as United States Core Durable Goods Orders expected to decline to -0.2% while its preceding data was -0.1%, data will be available tomorrow at 12:30 UTC.

Moreover, United States Crude Oil Inventories is projected to outperform its last figure with -1.67 million. It previously stood at -4.58 million; data will be released tomorrow at 14:30 UTC.

Furthermore, United States Building Permits scheduled to come out today at 13:30 UTC.

This year has been a bright one for Bitcoin after trading as low as $15,759 and going on to appreciate by 64.42% year to date.