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Bitcoin briefly decreased from the level of $ 100,000 embarrassment during the weekend, as it reached a decrease at about 98,200 dollars and caused a wave of panic in the sale of encryption markets. The sharp decline came after news broke out about the American military strikes on Iranian nuclear facilities, a step that has escalated significantly from the already volatile conflict between Israel and Iran. The geopolitical shock has sent global markets to the risk mode, as Bitcoin quickly interacts with increased uncertainty.
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Despite the decline in the weekend, BTC has since regained a sign of $ 100,000, but the feelings are still fragile. Investors are now closely monitoring the main technical levels to determine the next step. According to senior analysts TED Bidows, Bitcoin should keep the daily EMA-100 to avoid more negative pressure. The decisive closure can open at the bottom of this level for deeper correction, especially if the total economic and geopolitical risks are continuing.
With the growth of high fluctuations and fear, Bitcoin’s ability to maintain support at these levels may determine whether the bull cycle continues or interferes in a long monotheism. All eyes are now on the area of $ 100,000, which has become a decisive battlefield for bulls and bears in the market led by both technology and global tension.
Bulls defend $ 100,000 with a high domination and the market faces a decisive test
Bitcoin again in a pivotal moment. After a decrease from the level of 100,000 psychological dollars during the weekend amid increasing geopolitical tensions, BTC rapidly regained the decisive threshold, giving a glimmer of hope for the market participants. Although the bulls were able to pay the price backup, the total structure is still fragile, and the technical indicators now have more weight than ever.
I noticed Ted pillows In a recent update that Bitcoin should keep the daily EMA-100 to maintain the bullish momentum. The daily closure of less than $ 99,000 will confirm a lower break than this main support zone, which probably reaches the area between 92,000 and 94,000 dollars. Such a step can create great pressure on the downside, especially on Altcoins, which already fails to perform. In the words of the pillows, “If Bitcoin loses this level, the alts will be exterminated.”
Despite the risks looming on the horizon, the basics remain solid. Bitcoin’s dominance continues to hover near its highest levels of the year, reflecting the BTC’s increasing investor’s preference over high -home assets during unconfirmed times. The scales on the chain still indicate a strong condemnation of the pregnant woman, and the total accounts continue to prefer Bitcoin as hedging amid the instability of Fiat and the high geopolitical uncertainty.
If Bitcoin is able to maintain a level of 100 thousand dollars and restore momentum, this may lead to renewed strength and eventually pushing the resistance area of 109 thousand dollars. At the present time, however, the bulls are on a defense. Prices for the next few days will probably set the path of the remainder of the Q3, with close monitoring of EMA support, macro addresses and risk morale across global markets.
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Bitcoin is fighting under the resistance amid the declining price structure
The 12 -hour graph for Bitcoin reveals a declining structure after the collapse without the support area of less than $ 103,600. After the formation of a similar triangle throughout mid -June, BTC failed to collapse upwards and instead reversed the direction, confirming a declining outbreak. This step sparked a sharp decrease to $ 9,200 during the weekend, followed by modest recovery to the current level of 101,250 dollars.
The price is now trading without both simple, 50, 100 and 100 moving averages, which began to land, indicating a transformation in momentum away from the bulls. SMA stands 200 times, currently near 95,600 dollars, as the next main support if the negative pressure continues. Volume has chosen significantly on red candles, adding weight to the state of landing and confirmation of active sale during the last decline.
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Bitcoin should recover $ 10,600 and keep it to nullify the declining style and restore control. Failure to do this can lead to more of the negative side about 95,000 dollars and perhaps up to 92,000 dollars. As long as the BTC remains less than the support of the broken triangle and the resistance of 103 thousand dollars, the path of resistance remains the lowest. The bulls face a difficult battle, and confidence may quickly erode if the psychological level is violated with a value of $ 100,000 again.
Distinctive image from Dall-E, the tradingView graph
