Famous trader and analyst CryptoTony posted a series of tweets on his Twitter account, where he analyzed the current situation in the cryptocurrency market and expressed his doubts about the future prospects of the Bitcoin (BTC) price.

The researcher noted that on the BTC/USD chart, there is an interesting dynamic, in his opinion, "bulls cannot overcome the resistance level at $44,300." The analyst suggests that if the current trend continues, the only possible outcome is further price decline for Bitcoin. Additionally, he emphasized that liquidity in the market has significantly decreased, which may also contribute to such a scenario.

The researcher noted that many investors do not stop despite the risks and continue to pursue profits. They buy assets when prices are at their peak, and the market subsequently declines. He called on investors to avoid repeating these mistakes and recommended mastering the basics of support and resistance levels to better understand price charts.

The specialist also suggested that investors practice creating trading plans and avoid risking real funds until they gain enough experience. In his opinion, only after a trader can trade profitably in a test mode should they start investing small amounts. He emphasized that mistakes can be valuable lessons for traders, and it is important to learn how to manage emotions during the trading process.