Bitcoin (BTC) continues to face a strong resistance less than a mark of $ 85,000, with fluctuation and fear of market morale. After losing the level of $ 90,000, the BTC witnessed a sharp decrease, as it decreased briefly to less than 80 thousand dollars last week. The bulls have tried since then to install the price, but the pressure pressure is still high, which prevents any constant recovery.
Cryptoquant data reveals that the average SMA financing (30) has decreased by 9 % since the beginning of March. This trend indicates that negative emotions still dominate that traders are increasingly betting on the additional passive side. A decrease financing rate indicates that short positions are gaining strength, which confirms the Haboodiya speculation that prompted the market for weeks.
With the failure of BTC to restore the lost land, the uncertainty continues in the macro and the investor warned in the market. The Bitcoin is to reflect its landmark, the bulls must restore control and pay the price back above than the main resistance levels. If the declining direction continues, BTC may face lower levels, enhancing concerns about the sustainability of the current cycle. The coming days and weeks will be very important in determining the main step next to Bitcoin.
Bitcoin is facing the declining direction as the market is struggling with uncertainty
Bitcoin (BTC) is now in its lowest level since late 2024, which increases fears that this course may not make expected gains. Several investors expected quickly and strongly this year, but instead, BTC faced constant pressure for sale. The fears of the trade war and the total economic certainty have greatly affected both the encryption markets and securities, which led to a long decrease through risk assets.
Since the beginning of the month, Bitcoin has decreased by almost 20 %, and there are no clear signs of reflection yet. It seems that the downward trend is gaining momentum as BTC continues to struggle without decisive price levels. Despite these negative feelings, Bitcoin’s basics are still strong, with the adoption of continuous institutions and US President Trump’s plans for the strategic Bitcoin reserve that provides possible stimuli to recover in the long run.
Senior analysts Axel Adler Common visions on xAnd revealed that the average SMA (30) financing rate has decreased by 9 % since early March. According to ADLER, if this trend continues throughout the week, the financing rates may turn into negative, indicating that the increasing hypochotheism and the increase of short positions.
The Bitcoin is to reverse this trend, the bulls must restore the main price levels, pushing BTC back above 90 thousand dollars, and restore momentum. Otherwise, the continued negative financing rates and poor confidence in the market can push the negative side in the coming weeks.
BTC is trading below the main intermediate averages as the bears maintain control
Bitcoin (BTC) is currently trading at $ 83,600, and facing strong resistance in the main moving averages. BTC struggled to recover the 200 -day moving average (MA) at $ 84100 and the average SIA movement for 200 days (EMA) at 85,500 dollars, while maintaining the bulls on the defense.
In order to restore BTC bullish momentum, buyers must pay the price above 86,000 dollars and restore a sign of $ 90,000. Breaking these resistance levels would confirm the potential recovery phase, which leads to the transformation of feelings away from the domain expectations that have dominated the market.
However, if BTC fails to restore these levels, the risk of additional additions increases. Loss of 83 thousand dollars may lead to $ 84,000 to a collapse of less than 80 thousand dollars, which may lead to another wave of sales. With the uncertainty in the macro on the market, the bulls need to restore control soon to prevent more losses. The next few trading sessions will be crucial in determining the direction of Bitcoin in the short term.
Distinctive image from Dall-E, the tradingView graph
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