Golden Finance reported that Tyler Richey, a technical analyst and co-editor of Sevens Report Research, wrote in an email comment to MarketWatch that since Bitcoin rose above $100,000 earlier this month, Bitcoin trading volume has been increasing. The steady decline suggests that bullish belief has been fading. He wrote in his comments: “If Bitcoin breaks the congested resistance between $100,000 and $101,500 on the daily chart, a retest of the current closing record and intraday record between $106,000 and $108,000 would be is highly likely. From there, failure to break out to new highs would be a bearish signal, with support at the low $90,000 level returning into focus, while new highs would re-ignite a bullish technical signal for Bitcoin with a target of $118,000.”