From the BTCUSD technical chart, the price has fallen below the key support area, indicating a downward trend. The support level that maintains Bitcoin stability has been broken, and Bitcoin has difficulty maintaining gains above $90,000. This decline is consistent with the negative sentiment observed in fundamentals and technical indicators. In addition, the RSI of 30.92 shows that BTC has exceeded, which indicates that the price may fall further before stabilizing.
Given the obvious demand, concerns about the NVT ratio, and extreme fear in the market, Bitcoin is at risk of further downside. Despite the increasing social volume and dominance, the overall signal indicates that Bitcoin may face continued pressure in the short term. Therefore, BTCUSD seems to face a downtrend of several thousand points or more before any potential recovery. Of course, this is a good time for traders to get high-profit returns. If you don’t know the right entry opportunity when the opportunity comes, pay close attention to my real-time news, which will definitely help you.
BTCUSD BTCUSD BTCUSD 
BTCUSDT.P BTCUSD BTCUSD BTCUSDT BTCUSD
Given the obvious demand, concerns about the NVT ratio, and extreme fear in the market, Bitcoin is at risk of further downside. Despite the increasing social volume and dominance, the overall signal indicates that Bitcoin may face continued pressure in the short term. Therefore, BTCUSD seems to face a downtrend of several thousand points or more before any potential recovery. Of course, this is a good time for traders to get high-profit returns. If you don’t know the right entry opportunity when the opportunity comes, pay close attention to my real-time news, which will definitely help you.
BTCUSD BTCUSD BTCUSD BTCUSDT.P BTCUSD BTCUSD BTCUSDT BTCUSD 
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.