Bitcoin 10 % -15 % risk a decrease in the price of BTC after the main rejection near 89 thousand dollars

Bitcoin (BTC) trades see a reflection in BTC prices, as the classic resistance stops bulls in their paths.

Mobile average for 200 days keeps the price of BTC installed

Data from Cointelegraph Markets Pro and Tradingvief BTC/USD cooling is offered after reaching levels above 88,874 dollars.

After I found a force at the beginning of the week, Bitcoin raised hopes in the gold Copycat movement with the latter’s appointment several levels at all times.

These highlands lasted on April 22, while BTC Price Action witnessed the opposite of the 200 -day simple moving average (SMA).

“An interesting spot. It was broken above the daily 200ma (blue) and the Qatari resistance. He said In a post on X alongside an illustrative scheme.

“The fun will not start until we review some daily closure above the previous low range at approximately 90,000 dollars. It is important to say approximately $ 85,000.”

SMA usually formed for 200 support days during Bitcoin Bull, but it was lost in March, when Crypto faced pressure from the sale side when the American trade war began.

Since then, BTC/USD has seen five months less than $ 75,000, and despite a healthy recovery, some market participants are keen to contact the last time of Baris Rae.

Among them is his colleague, merchant Roman, who referred to the values ​​of the RAM (RSI) in the lands “may be above”.

“As we approached the horizontal resistance, I wanted to make it clear that the last 4 times in Stoch RSI have been voiced, we have seen a 10-15 % correction,” maleAdding that such a step “would be completely meaningful” due to the decreased momentum on the S&P 500.

The daily RSI RAM was at the top of the 0-100 scale on April 22.

“The reflection has started,” says Trader.

As Cointelegraph continues to report, the suspension of the other upper market focuses on the concept of the overall economics factors that traditionally gain BTC prices.

Related to: The US dollar goes “no in hand” -5 things that must be known in Bitcoin this week

This includes quickly weakening the power of the US dollar, and its highest levels around the world M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2 M2

“In the past few weeks, I look at the different Onchain data and global events, which makes me think BTC Revesal has started,” and concluded Trader Cas ABBE in A. X thread dedicated On the topic.

ABBE rejected the idea that the current BTC recovery will end up as a “bull trap”, pointing to the accumulation of the whale and the restructured Coinbase premium in addition to the macroeconomic factors.

He added: “I think the area of ​​$ 74 thousand-75 thousand dollars was the bottom for $ BTC. Most of Alts have also come out and we can see a continuous gathering.”

This article does not contain investment advice or recommendations. Each step includes investment and risk trading, and readers must conduct their own research when making a decision.