Bitcoin is traded without the main resistance levels as the bulls continue to struggle to ignite the recovery gathering. Since its peak in January, BTC has been held in a continuous declining direction, losing more than 29 % of its highest level ever. This constant weakness has raised increasing concerns between investors and analysts, with some warning that the bear market may be underway.
Despite cautious feelings, there is still hope among market monitors who believe that Bitcoin is undergoing healthy correction within a wider bull cycle. They argue that the last decline can represent a long -term purchase opportunity, especially if the main support levels are possible and upward signals appear in the coming days.
One of these signals may come from the MVRV momentum and simple moving average for 180 days (SMA). According to the data from the Glassnode, the two standards approach the potential golden cross – an event historically related to the main bullish movements in the Bitcoin price. If this intersection is confirmed, it may be a transformation in the market momentum and a sign that BTC is preparing for another leg in its current session.
Bitcoin is higher with analysts monitoring the ups
Bitcoin is trading higher than decisive demand levels after a sharp recovery from a decrease of $ 81,000 on Tuesday. The largest cryptocurrency in the world has increased more than 7 % since then, providing a glimmer of hope for bulls after weeks of sales pressure unabated in it and the uncertainty that the macro moves. Since its height at all near 109,000 dollars in January, Bitcoin has lost more than 29 % of its value, which led to discussions between analysts about whether the market is still in a urine or at the beginning of a new declining phase.
Despite doubts, the main technical indicators may indicate a shift in the feeling. According to senior analysts Ali MartinezThe MVRV momentum and the simple moving average index approach 180 days (SMA) is approaching the golden cross-a historically upscale signal that often precedes strong upward trends. This intersection, if confirmed, would represent a potential turning point and enhance the idea that the last correction may be part of the wider bull race instead of reflecting the full direction.
However, Bitcoin has a job to do. The bulls must retain current levels and pay over the area of 88 thousand dollars to 90 thousand dollars to confirm the recovery and re -test the previous altitudes. Currently, merchants are optimistic with caution, watching standards on the series and technical indicators closely for the next large movement.
The BTC price is struggled without the main intermediates amid uncertainty
Bitcoin is currently trading at $ 83,900, and continues to hover with less critical resistance with Bulls attempt to restore momentum. The price has been detained less than the 200-day moving average (SMA) and the 200-day SIA movement, which now works as main technical barriers near the 85500-86,000 dollar range. Restoring this level is necessary to confirm the recovery process, especially after the stretching direction of Bitcoin since late January.
Despite the bounce of 7 % of the last minimum at $ 81,000, the market remains cautious. The crucial step exceeding $ 86,000 would give bulls the strength needed to re -test higher levels of about $ 90,000 and break the current declining structure. However, without a strong payment over this threshold, Bitcoin risk losing its short -term momentum and slipping towards low demand areas.
If the mark of $ 86,000 persists in refusing to make prices, it may follow a step less than 81 thousand dollars, which may lead to more pressure and panic among retailers. The coming days will be very important, as bulls must show strength and defend the current levels to avoid more negative aspect. Market participants closely monitor both technical indicators and total economic developments of clues in the next direction of Bitcoin.
Distinctive image from Dall-E, the tradingView graph
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