$BTC Bitcoin Is Recovering, but One Key Resistance Still Matters 👀
Bitcoin has bounced strongly from the $79,800 low, but I'm not calling this a confirmed trend reversal just yet.
Here's what the 15-minute chart is showing in my latest screenshot:
BTC price: $81,168.00
MA(7): $80,643.41
MA(25): $80,994.30
MA(99): $81,420.24
Recent swing high: $81,585.00
Recent low: $79,800.00
What am I watching?
Bullish scenario: BTC closes above the $81,420–$81,440 area and holds it on a retest. That would provide stronger evidence that the recovery may continue.
Bearish scenario: BTC gets rejected near the MA(99) and falls back below the MA(25). That could weaken the current recovery.
Volume matters: The recent rebound came with noticeable volume spikes, but the latest volume bar is smaller. I'll watch whether buying activity returns if BTC tests resistance again.
For now, BTC is above the MA(7) and MA(25), but still below the MA(99).
My approach is simple: no chasing green candles, no guessing the bottom. I want confirmation before drawing conclusions.
A recovery is encouraging, but it doesn't automatically mean the downtrend is over.
What's your view: can BTC reclaim $81.4K, or will sellers defend this resistance? 👇
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquare
Bitcoin has bounced strongly from the $79,800 low, but I'm not calling this a confirmed trend reversal just yet.
Here's what the 15-minute chart is showing in my latest screenshot:
BTC price: $81,168.00
MA(7): $80,643.41
MA(25): $80,994.30
MA(99): $81,420.24
Recent swing high: $81,585.00
Recent low: $79,800.00
What am I watching?
Bullish scenario: BTC closes above the $81,420–$81,440 area and holds it on a retest. That would provide stronger evidence that the recovery may continue.
Bearish scenario: BTC gets rejected near the MA(99) and falls back below the MA(25). That could weaken the current recovery.
Volume matters: The recent rebound came with noticeable volume spikes, but the latest volume bar is smaller. I'll watch whether buying activity returns if BTC tests resistance again.
For now, BTC is above the MA(7) and MA(25), but still below the MA(99).
My approach is simple: no chasing green candles, no guessing the bottom. I want confirmation before drawing conclusions.
A recovery is encouraging, but it doesn't automatically mean the downtrend is over.
What's your view: can BTC reclaim $81.4K, or will sellers defend this resistance? 👇
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquare