Bitcoin sellers are grappling with a decisive support zone at the 100-day moving average, with a potential breakdown paving the way for a retest of the critical $90K region.
However, heightened volatility is anticipated, as price action will dictate the market’s next direction.
Technical Analysis
By Shayan
The Daily Chart
After sustained declines, Bitcoin has approached a crucial support zone where significant demand will likely emerge. This level is particularly important as it aligns with the 100-day moving average and the key psychological support at $95K. A confirmed breakdown below this region could accelerate selling pressure, pushing BTC toward the substantial $90K support area.
Conversely, a strong bullish rebound from this level could trigger a recovery, with buyers targeting a retest of the ascending channel’s midline at $100K. Bitcoin remains range-bound between $90K and $108K, and a definitive breakout from this consolidation phase will determine the market’s next maj
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-btc-consolidation-persists-but-risks-remain/
