Current situation:
Bitcoin is witnessing strong selling pressure that has recently pushed the price close to the 200-period moving average area ($81,031), which is considered the “divider” level for short-term trends. Last price (non-final close): $81,502.15
RSI: 29.88 (deeply oversold—often we see a short rebound from here, but it’s not guaranteed with a structural break!)
Candlestick pattern: Bearish Marubozu (violent close at the candle’s low, increasing concern)
Supertrend: Turned bearish ($84,310) — a sign that positive momentum has been fully lost Following
Bitcoin is witnessing strong selling pressure that has recently pushed the price close to the 200-period moving average area ($81,031), which is considered the “divider” level for short-term trends. Last price (non-final close): $81,502.15
RSI: 29.88 (deeply oversold—often we see a short rebound from here, but it’s not guaranteed with a structural break!)
Candlestick pattern: Bearish Marubozu (violent close at the candle’s low, increasing concern)
Supertrend: Turned bearish ($84,310) — a sign that positive momentum has been fully lost Following