Bitcoin (BTC) has been detained without decisive price levels during the past few days, after losing $ 85,000 last Sunday. It is now trading at its lowest levels since November 10, 2024, BTC is still under severe pressure, as the bulls face an arduous battle to restore control.
The market has been in the direction of a fixed decline since late January, and fear continues to push low -price goals as investors speculate whether the Bitcoin Bull cycle has ended or not. With global uncertainty and the instability of the total economy on risk origins, BTC's inability to restore the main resistance levels of concerns about the additional negative capabilities.
Axel Adler has shared visions on X, and revealed that the peak of exchange activity during the past four months occurred at a price of 90 thousand dollars, which represents the highest bitcoin flow per day on stock exchanges. This data indicates that $ 90,000 has become critical psychological borders, while increasing upward feelings above this level and sales increase when BTC trades below.
With BTC failing to restore the lost land, the market remains on the edge of the abyss, waiting to know if buyers will intervene or if there are other declines. The next few days will be decisive in determining the direction of Bitcoin in the short term.
Bitcoin faces heavy sale pressure
Bitcoin is struggling with huge sale and uncertainty, as both the encryption markets and the United States are still under pressure. Since the United States elections in November 2024, macroeconomic fluctuations and geopolitical tensions have resulted in nourishing a risky environment, and BTC prevented the restoration of momentum. With the escalation of the world trade war concerns, investors are preparing for the worst, which causes more capital for the assets of risk such as bitcoin and shares.
Adler visions highlight The peak exchange activity in Bitcoin has occurred in the past four months at the level of $ 90,000. The decisive price area has recorded the highest BTC flow per day on exchanges, indicating the volume of heavy trading and strong market reactions around this level. Moreover, Adler noted that the lower BTC to less than 90 thousand dollars, the higher the exchange flows, indicating the increase in sales and volatility.
According to Edler, 90,000 dollars are now working as a major psychological border between upward and duplicate feelings. If Bitcoin is trading over $ 90,000, market participants gain confidence in more prices. However, if the BTC remains less than this level, the pressure sale process is condensed, which leads to more declines as traders cancel the download of their property.
As BTC is currently struggling below this psychological threshold, investors are still ready, waiting for decisive recovery or deeper correction. If Bitcoin fails to recover 90,000 dollars in the short term, it can extend its declining path and test low support levels in the coming weeks.
Prices are struggling at 83 thousand dollars while he fights bulls
Bitcoin is currently trading at 83,000 dollars, after the pressure days I have kept less than the 85,000 decisive sign. With bears control, BTC struggled to create a strong support area, making investors cautious about the possibility of more negative side.
In order to regain momentum, Bitcoin must recover 90 thousand dollars to 91 thousand dollars, as this level is in line with an average of 4 hours of 200 (MA) and the SIA (EMA). The break and the contract over this area would indicate the renewed purchase force, which is likely to be the way to transfer the wider recovery.
However, if BTC fails to stick to a brand of $ 85,000 and continues to struggle without the main moving averages, the risk of a sharp drop to less than 80 thousand dollars increases significantly. The collapse at the bottom of this level can lead to more sales, pushing BTC towards low demand areas and expanding their declining direction.
With the continued morale of the fragile market, the next few trading sessions will be very important in determining whether bitcoin can recover or whether another wave of sale pressure will lead to low prices. Bulls should be behaved quickly, or BTC may face more negative risks in the short term.
Distinctive image from Dall-E, the tradingView graph
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