Bitcoin tries to support the momentum above the long-awaited $ 100,000 mark faced a strong resistance, leading to a lively withdrawal. Its rejection at this psychological level has fueled the down pressure, pushing the BTC in a corrective phase while the sellers take control. Now all the attention turns into a key Support areas This could determine if the bitcoin stabilizes or prolongs its decline.
BTC could see a solid rebound if buyers work at critical support levels, reviving the bullish momentum. However, not holding above these areas can open the door for further inconveniencePotentially test lower price levels. As uncertainty is looming, the next Bitcoin movement will be essential to shape its short -term trend.
The lower pressure is presented as bitcoin is struggling to maintain the gains
Bitcoin is currently undergoing high down pressure, approaching the level of $ 93,257 while negotiating below the single mobile average of 100 days (SMA). This downward movement reflects a weakening momentum While sellers continue to dominate prices’ action. Its inability to exceed the $ 100,000 mark and recover the 100 -day SMA suggests that the BTC can remain vulnerable to the additional decrease unless buyers intervene at key support levels.
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The downward movement suggests a change of feeling of the market, with strong bullish force and increased volatility. If Bitcoin does not stabilize almost $ 93,257, it could open the door to more downward trend, testing lower support levels. However, a strong defense of buyers of this range would point out an attempt at reversal, offering Bitcoin a chance to recover the lost land and regain its upward trend.
In addition, the Bitcoin’s relative resistance index (RSI) also gains a downward traction from neutral territory to the occurrence zone. This change suggests weakening purchase Pressure, allowing sellers to dictate prices’ action. A continuous decrease in RSI could strengthen the downward trend, signaling the potential for additional declines if the lowering feeling persists.
However, if the RSI approaches surveillance conditions, this may indicate that Bitcoin approaches a exhaustion point, where buyers could intervene to trigger a short -term rebound. The next trading sessions will be crucial to determine if Bitcoin finds support or extend its reduction in assembly drop pressure.
What is the next step for Bitcoin? Critical levels to monitor
The recent rejection of Bitcoin to $ 100,000 has put the main levels of support under the spotlight as the downward pressure is intensifying. The level of $ 93,257 serves as a crucial test – the maintenance above is likely to report a possible rebound, while a breakdown Can accelerate losses to lower support areas.
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Should the price drop Below the level of crucial support of $ 93,257, the downward dynamics could speed up, increasing the probability of a deeper correction. Such ventilation can trigger additional sales pressure, pushing Bitcoin to the next key support area at $ 85,211.
However, if Bitcoin lies above the support level of $ 93,257, it could trigger a bounce To the $ 100,000 mark. A break above this key resistance Strengthens the upward movement, opening the way to gains.
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