Bitcoin-dollar (BTCUSD)
Outlook
R1
R2
85000
86500
Close
84380
$1
83200
S2
81900
Fundamental
Bitcoin prices slipped as rising US Treasury yields and a stronger US dollar weighed on broader crypto sentiment.
Following softer demand recently, US spot bitcoin ETFS recorded inflows of 28.1 mln USD* yesterday, pointing to limited buying interest.
Bitcoin prices may remain volatile amid revolving market sentiment.
Technical
After recovering from around EMA168, BTCUSD fluctuated around EMA24 below 85000. Despite the consolidation, the lower swings and Double Top pattern indicate a bearish extension potential.
If BTCUSD stays below 85000, the price may retreat toward the support at 83200.
Conversely, breaking above 85000 may prompt a rise toward the next resistance at 865000.
Outlook
R1
R2
85000
86500
Close
84380
$1
83200
S2
81900
Fundamental
Bitcoin prices slipped as rising US Treasury yields and a stronger US dollar weighed on broader crypto sentiment.
Following softer demand recently, US spot bitcoin ETFS recorded inflows of 28.1 mln USD* yesterday, pointing to limited buying interest.
Bitcoin prices may remain volatile amid revolving market sentiment.
Technical
After recovering from around EMA168, BTCUSD fluctuated around EMA24 below 85000. Despite the consolidation, the lower swings and Double Top pattern indicate a bearish extension potential.
If BTCUSD stays below 85000, the price may retreat toward the support at 83200.
Conversely, breaking above 85000 may prompt a rise toward the next resistance at 865000.
