BitcoinA recent price movement near the level 85 USD USD revealed several technical red flags, which suggests the potential weakness of the stubborn rush. Despite many attempts to break this critical resistance, BTC fought to maintain adhesion up, signaling a possible change in market moods.
Inability to recover the key Resistance zones He violated Bulls while sellers are trying to exploit a recent slowdown. If BTC does not persist above this support, there may be a deeper withdrawal on the horizon.
Technical analysis: Signs of weakness in the Bitcoin price
The price of Bitcoin seems sensitive because he tries to keep the momentum and break above USD 85 $ 21, increasing the concerns about his strength bullish tendency. The last withdrawal indicates a change in market dynamics in the direction of increasing the bears of the bear’s pressure.
A few key technical indicators flashing signs of weakness, which suggests a decrease in stubborn shoot. The relative force indicator (RSI), which previously rose above 50% of the threshold, is now withdrawing. Meanwhile, the moving medium convergence indicator (MacD) shows the slowdown of growth movement, with the MacD line approaching the bear, indicating a possible inheritance movement for flagship assets.
In addition, Bitcoin remains below the 100-day straight movable average (SMA), strengthening resistance and increasing the difficulty. If the buyers do not regain their strength, BTC may face increased sales pressure, which will lead to a decline towards key support levels. However, the revival of purchasing interest and a decisive traffic above USD 85 USD market moods in favor of bulls.
The breakthrough of this key resistance can open the door to further growth, with BTC aimed at a higher resistance zone, including 93,257 USD. A breakthrough above 93,257 USD would strengthen the stubborn rush and renovated signal investor Trust, attracting more buyers to the market.
Risk of failure: key levels to be viewed below USD 85 USD
Bitcoin’s inability to maintain the shoot above USD 85 USD support levels to focus. With intensified sales pressure, another critical zone to view is 73 919 USD, in which buyers can try to defend themselves against additional losses. The violation of this level signals a deeper correction in relation to the support level of USD 65 082.
Further inheritance can bring $ 60,152, a region that previously acted as a sturdy demand zone. Lack of maintenance above this range can accelerate bear movements, increasing the likelihood of re -checking lower BTC levels. Bulls must recover the 73 919 USD mark to reduce the risk of long -term decline and restore control over the trend.
A distinguished picture from Unsplash, tradingview.com chart
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