Bitcoin

Bitcoin (BTC/USD) Slammed Back Into Channel Support

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Bitcoin shed -2.46% today, reversing sharply lower from the top of its descending channel and the 50-day SMA, reaffirming resistance just below $88,700. The rejection puts focus back on the 200-day SMA and mid-channel support.

🔻 Price remains firmly inside the falling channel
📉 MACD is flattening below zero — no bullish crossover yet
⚖️ RSI sits at 44 — modest bearish momentum without being oversold

If price breaks below $79,000, eyes may turn to the lower channel boundary near $72,000, and eventually the long-term trendline closer to $68,000.

Momentum is weak and trend pressure remains tilted downward unless bulls can reclaim the 50-day SMA and break out of this channel decisively.

-MW

Feragatname

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