Bitcoin is attempting to stabilize after finding support at the lower boundary of a well-defined descending channel. The price has rebounded +5.44%, climbing back toward the $85,000 level, but remains below the 50-day SMA (94,968), which has acted as dynamic resistance.
Despite today's bounce, BTC remains in a broader downtrend, with both the MACD and RSI showing bearish momentum. The RSI at 42.82 suggests the market is still in neutral-to-weak territory, while the MACD remains in negative territory, confirming downside pressure.
Key Levels to Watch:
📉 Support: 77,000 (200-day SMA), 75,000 (trendline support)
📈 Resistance: 90,000 (mid-channel resistance), 95,000 (50-day SMA)
A breakout above the channel could signal trend reversal, while continued rejection at resistance would keep the bearish bias intact.
-MW
Despite today's bounce, BTC remains in a broader downtrend, with both the MACD and RSI showing bearish momentum. The RSI at 42.82 suggests the market is still in neutral-to-weak territory, while the MACD remains in negative territory, confirming downside pressure.
Key Levels to Watch:
📉 Support: 77,000 (200-day SMA), 75,000 (trendline support)
📈 Resistance: 90,000 (mid-channel resistance), 95,000 (50-day SMA)
A breakout above the channel could signal trend reversal, while continued rejection at resistance would keep the bearish bias intact.
-MW
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.