BTC is currently trading at $83,200, showing signs of downward pressure. Key factors influencing this trend:
• Macroeconomic Factors: Market uncertainty due to geopolitical tensions and potential new regulations.
• Technical Indicators: The possible formation of a death cross (50-day MA crossing below 200-day MA) suggests a bearish scenario.
• Support & Resistance:
• Strong support at $76K – a key level that could act as a bounce point.
• If broken, BTC might test $73.8K (next support level).
Conclusion: If BTC fails to hold above $80K, we could see further declines to $76K or lower. Watching price action closely!
📉 What are your thoughts? Drop your analysis below!
• Macroeconomic Factors: Market uncertainty due to geopolitical tensions and potential new regulations.
• Technical Indicators: The possible formation of a death cross (50-day MA crossing below 200-day MA) suggests a bearish scenario.
• Support & Resistance:
• Strong support at $76K – a key level that could act as a bounce point.
• If broken, BTC might test $73.8K (next support level).
Conclusion: If BTC fails to hold above $80K, we could see further declines to $76K or lower. Watching price action closely!
📉 What are your thoughts? Drop your analysis below!
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.