Bitcoin Price Bearish Below $16,900 But Indicators Point Otherwise

The Bitcoin price has struggled below $17,000 for multiple weeks now, and it recently dipped below the $16,900 mark. This downward move on the Bitcoin chart could be attributed to the recent Federal Open Market Committee (FOMC) minutes.
The minutes of the meetings revealed that the Federal Reserve System would stick with higher interest rates for the foreseeable future.
This has evidently sent ripples through the market, causing participants to react negatively. The technical outlook of the asse