This analysis examines Bitcoin's recent price movements on a daily timeframe. The MA200 (200-day moving average) has now been established as resistance; this comes after a failed breakout attempt in September. Recently, Bitcoin tried to surge above the MA200, however, it fell short, concluding the session with a pronounced negative candle, which signifies bearish momentum. I wish to emphasize a short-term lower high (this could indicate) that Bitcoin will probably keep trending downward shortly. Although the market remains volatile, the current indicators suggest continuing this trend, because traders are wary.