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Price Prediction

Bitcoin $ 100,000 rejection stimulates the sale

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Bitcoin’s attempt to keep momentum on a very expected $ 100,000 sign is very resistance, which led to a sharp decline. Its refusal at this psychological level has led to an increase in the declining pressure, which prompted BTC to a corrective stage where the sellers control. Now, all attention turns into the key Support areas It can determine whether Bitcoin settles or decreases.

BTC may see a strong recovery if buyers enter critical support levels, proving the upscale momentum. However, failure to keep these areas may open the door for more NegativeIt is possible to test the low price levels. Since uncertainty waving on the horizon, the next step for Bitcoin will be pivotal in forming its short -term direction.

The downward pressure is escalating while bitcoin is struggling in order to get gains

Bitcoin is currently suffering from strong declining pressure, approaching the level of 93,257 dollars while trading without a simple moving average for 100 days (SMA). This descending step reflects weakness batch As sellers continue to control work. Its inability to break the brand of $ 100,000 and restore SMA for 100 days indicates that BTC may remain vulnerable to more declines unless buyers enter into the main support levels.

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The descending movement suggests a transformation in the market morale, with decrease in the upward strength and increased volatility. If Bitcoin fails to settle near 93,257 dollars, the door may be opened for further downward trend, and testing low support levels. However, the strong defense by buyers in this range will indicate a reflection attempt, providing an opportunity for Bitcoin to restore the lost land and restore its direction.

BTC failed to exceed a brand of $ 100,000 Source: btcusdt on Tradingvief.com

Moreover, the Bitcoin (RSI) relative index also acquires a declining traction from neutral lands towards the sale area. This shift indicates weakness Purchase Pressure, allowing sellers to dictate work. A continuous decrease in RSI can enhance the declining direction, indicating the possibility of more declines if the emotional feelings persist.

However, if the RSI is exposed to the conditions of sale, it may indicate that Bitcoin is close to the exhaustion point, where buyers can interfere in the operation of short -term recovery. The following few trading sessions will be decisive in determining whether Bitcoin finds support or its decline in the installation bearish pressure.

What is the following for Bitcoin? Critical levels of viewing

Bitcoin’s latest rejection of $ 100,000 has placed the main support levels in the spotlight with the condensation of the declining pressure. The level of 93,257 dollars is now working as a decisive test – it is likely to indicate a potential bounce, while separation The losses may be accelerated towards a decrease in support areas.

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It should be the price He falls Within the level of decisive support of $ 93,257, the declining momentum can accelerate, which increases the possibility of deeper correction. This breakdown may lead to increased pressure, pushing Bitcoin towards the next main support area at $ 85,211.

However, if Bitcoin is higher than the support level of 93,257 dollars, this may lead to recovery Towards a brand of $ 100,000. The outbreak of this key resistance It enhances the movement of the upward trend, and paves the way for the gains.

Bitcoin
BTC trading at $ 92,207 on 1D graph | Source: btcusdt from Tradingvief.com

Distinctive image from Adobe Stock, Chart from TradingView.com

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