Bitcoin lost and re-tested MA for 200 days as resistance-here’s what happened the last time
The cause of confidence
The strict editorial policy that focuses on accuracy, importance and impartiality
It was created by industry experts and carefully review
The highest standards in reports and publishing
The strict editorial policy that focuses on accuracy, importance and impartiality
Morbi Pretium Leo Et Nisl Aliguam Mollis. Quisque Arcu Lorem, Quis Quis Pellentesque NEC, ULLAMCORPER EU ODIO.
Este artículo también está disponible en estñol.
Bitcoin is traded without decisive support levels after sweeping the massive sale pressure on the market. Since late January, BTC has lost more than 29 % of its value, providing fear and uncertainty among investors. With fears of the global trade war that intensifies it and the volatile conditions of the total economy that vibrates encryption markets and American stock markets, traders are preparing for more negative risks.
Related reading
Market morale is still largely declining with Bitcoin failure to maintain major technical levels. The Crypto Daan analyst shared a technical analysis on X, revealed that BTC has collapsed less than a daily average of 200 movement (MA) and is now re -testing it as resistance. Historically, this style indicates a continuation of the declining price, indicating that BTC can see more of the negative aspect in the coming weeks.
With Bitcoin struggling to restore momentum, the next main step in the market depends on whether the bulls can restore the lost land or whether the additional pressure will lead to pusing BTC towards low support levels. As uncertainty grows, investors remain cautious, waiting for clear signals before making large movements. The coming days will be decisive in determining whether Bitcoin can settle or whether the current declining trend will continue.
Bitcoin is deepened while maintaining control of bears
Bitcoin has been in the direction of a continuous decline since late January, as fear continues to set low -price goals among investors. Many people now wonder if the BTC Bull course has ended, as the sale pressure is intensified and the market morale turns increasingly into translation.
The uncertainty surrounding the conditions of the macroeconomic economy has led to this decline, with increased fluctuations since the United States elections in November 2024. Given the fears of the ongoing trade war and unstable global markets, this period of uncertainty will continue to continue to affect the work of Bitcoin.
Dan’s encryption analyst Dan recently Common technical visions on xWith highlighting that BTC has lost the moving average for 200 days (MA) and is now re -testing it as a resistance. These signs that bear the bears are still in control, and the bulls have a lot of work to do it to restore this level.
According to Daan, Bitcoin witnessed a similar scenario last year, as price movement was cut around these levels for more than three months before the exit. If history repeats itself, BTC may enter another extended monotheism, which maintains the range prices for several months.
Related reading
However, if the bulls fail to restore the MA/EMA for 200 days, the additional downside may follow, making Bitcoin even low levels. As the bears continue to control, the market remains very fragile, and investors closely monitor to see if BTC can settle or if there is another main drop on the horizon. The next few weeks will be very important as you find Bitcoin either a foothold or continue deeper into the Habboudia.
Bitcoin holds between 80 thousand dollars and 85 thousand dollars with fear
Bitcoin (BTC) is currently trading between $ 80,000 and $ 85,000, struggling to restore the main price levels amid panic and fear. With the sale of sales pressure on the market, investors are still not sure of the following Bitcoin step as bulls fail to push BTC to the recovery stage.
As for the bullish reflection, BTC should bear more than $ 80,000 and restore $ 86,000, indicating the renewal of the benefits in buying and possibly theater to arrange a stronger rise. However, Bitcoin may enter into a side unification stage less than $ 90,000 – $ 88,000, prolonging uncertainty and maintaining price movement for weeks.
Related reading
If BTC fails to defend the level of 80 thousand dollars, the threat of the deepest correction increases, and it may push prices to less than critical support areas. The collapse can lead to less than $ 80,000 to another wave of sale, send BTC towards low demand levels and expand the current decline market structure. Traders remain careful, closely monitor whether Bitcoin can settle or if there is another significant decrease.
Distinctive image from Dall-E, the tradingView graph
