Bitcoin was rejected when the countdown is resisted again – is it still $ 78,600 to play?
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Bitcoin faces a decisive test because it is struggling to break the highest levels of main resistance while retaining decisive support. The market remains stuck in a narrow range, which reflects the lack of increased caution between traders and investors. The new natural uncertainty has become, with the continued total circumstances and political developments in cloud feelings.
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US President Donald Trump has added more fluctuations to this mix, disturbing financial markets with unpredictable policies and newly imposed definitions. His wrong behavior only increased the fragile mood, which prompted risk origins like bitcoin to deeper uniformity.
Despite the short gatherings, Bitcoin has once again failed to break the landfill, according to the Crypto Carl Runefelt analyst. This rejection, associated with a decline in trading volume, is a sign that buyers may lose strength. Runefelt warns that if the size continues to dehydration and the BTC remains lower than the main levels, the $ 78,600 declining goal is still a strong possibility.
While the bulls defend the support areas at the present time, the lack of momentum raises red flags. Unless Bitcoin is able to restore a higher ground soon, the possibilities of deeper correction will continue to grow – which makes the coming days very important to determine the next direction of the market.
Bitcoin decreased by 25 % from January, while bears tight fist
Bitcoin has now decreased by 25 % of the highest level in January ever, and the bulls are struggling to restore control. After repeated attempts to reflect this trend, BTC continues to stick to a level of $ 81,000 – a major support zone – but it failed to restore a brand of $ 86,000, which is necessary to confirm any dangerous recovery. The inability to pay higher has weakened the market confidence, and now the bulls find themselves in a difficult situation.
The total economic uncertainty and concerns surrounding the escalating commercial wars, especially in light of US President Donald Trump’s policies, added to market fluctuations. These factors continue to prefer bears, and pressure on high -risk assets such as Bitcoin remain intense. With wider financial markets under pressure, upward feelings in the encryption space fade quickly.
The panic began to prepare for some investors because the sale pressure does not show any sign of slowdown. However, there is still a slice of optimism among market monitors who believe that the bounce can follow as soon as the main resistance levels are recovered.
RUNEFELT has recently shared visions Referring to the BTC failure to break the dumping resistance – the Habbiya mark. He also pointed out that the trading volume continues to decrease, which is a sign that the market participation is abandoned. Often this deficiency is preceded by significant moves, in which case, the decline of $ 78,600 is fixed on the table if the bulls fail to restore momentum.
At the present time, the market remains on the edge of the abyss. Bitcoin’s ability to keep more than $ 81,000 and try to move after $ 86,000 is very important in determining whether the recovery is possible – or whether the next station is about to start.
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Technical details: the main levels to be held
Bitcoin is currently trading at 83,500 dollars after several days of volatile measures, which left the volatile prices that left traders not sure about the next direction of the market. The recent fluctuations between the main levels highlighted the frequency between both bulls and bears, with any of the two sides unable to completely control. For bulls, the immediate challenge is to restore the level of $ 85,000, which is in line with the moving average for 4 hours (MA). A successful step over this mark will be a brand signal for short -term force.
Moreover, the next main level is $ 86,000, the place where the SIA moving average sits for 4 hours. Restoring this area would help convert momentum again in favor of bulls and may pave the way to try to recover about $ 90,000.
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However, the most important level in the short term is support at $ 81,000. This price zone has worked as a strong floor in recent weeks, and its loss is likely to lead to more negative pressure. With the uncertainty in the macro and fluctuations at the market level, the bulls must defend this support while working to restore the MAS above. The upcoming sessions will be crucial in determining whether Bitcoin can recover – or slide deeper into a correction area.
Distinctive image from Dall-E, the tradingView graph
