(8/5, Fri) btc has fallen for 7 consecutive days failing to break $23300 which is opening price of weekly and monthly chart

Yesterday(8/4 00:00 - 24:00, UTC+0), bitcoin price recorded its starting as $22812, its lowest as $22371, its highest as $23213, its closing as $22603. Bitcoin started rising after Thursday's start and peaked above $23k at 01:34, then declined again after forming a reverse bart chart, bottoming above $22k at 18:00 and closing -0.9% decline.

Looking at the 4hr chart, Bitcoin, which had fallen near 100MA the day before, rose to 50MA and then fell again, breaking 100MA, and seeing an increase in trading volume is not a good sign. On the daily chart, it continued a weak decline for the seventh day in a row, almost reaching the end of the decline, and if it fails to rebound here, it is correct to view it as open to $21200.

There is news in the crypto industry, it is said that BlackRock, the world's largest asset management company, has partnered with Coinbase to provide bitcoin trading and management services to institutional investors. It can be understood that it is positive for the crypto market that large asset management company is entering the crypto market such as Goldman Sachs have already provided similar services.