Clame in The encryption market rises to $ 1.47 billionBitcoin records huge filtering from 630 million dollars. The price of bitcoin was distinguished Decrease 24 hours at 86314 dollarsHe created it The second in a row is a very low candle.
With the fall of nearly 10 %Bitcoin approaches EMA line for 200 days. Will the stretch fall leads to a diving near? $ 75,000 sign?
Bitcoin price tests key levels
in Daily chartIt displays the direction of BTC A The opposite of my declining Under the influence Local support or local trend line. A Fall under the EMA lines 50 and 100 days It is now close to EMA support for 200 days.
He created the fall Two dilem It has reached price levels The last time was seen in November 2024. With an increase Pressurethe EMA lines 50 and 20 days I was given a Digous.
Moreover, and MACD signal lines and signal lines Keep them Literate alignment With return New red graph.
Bitcoin Spot Etf Selling market panic
Amid the last sale, US Bitcoin Part of the Investment Funds circulating A registered a A huge flow from 516.41 million dollars. with The majority of the Bitcoin investment funds that received their BTC holdingsand Sincerity led the road with $ 246.96 million It deserves external flows.
Blackrock came second with 158.59 million dollarsAnd Gray ranked third with about $ 60 million. ARK and 21shares They have not yet been updated Trading flows on February 24.
With the final sale Bitcoin decreased to nearly $ 86,000the Historical inside and outside the money index It reveals this Almost 12 % of all bitcoin addresses are kept confused. This is it The highest incurred rate of loss since October 2024.
Can Bitcoin Bulls defend the support level of $ 75,000?
According to Daily price analysisthe Refuse the low price in the candle in the day Pay the market price Top to 88231 dollars. This hints at a A possible return if The bulls maintain dominance near the EMA line for 200 days.
However, in the case of a Detaire closure below the EMA line for 200 daysBitcoin is likely to be Repeat the next decisive support level near 75,000 dollars. However, in the case of a Bullishthe Residence Run may face opposition in the EMA line for 100 days at 93,965 dollars.
A strong recovery above $ 90,000 can bring the renewed investor confidence, which may slow the continuous sale. On the contrary, if the institutional external flows continue, Bitcoin may be at risk of collapse below Monor support levelsWhich leads to more panic in the market.
