$BTC Bitcoin: Facing Rejection from a Key Zone🥁🥁🥁🥁
The Crypto King fell 3.19% last week after facing rejection at the 50% Fibonacci retracement level of US$87,823 (drawn from the August 2024 low of US$49,000 to the October 2025 record high of US$126,199). At the start of this week, BTC was trading around US$83,500 on Monday.
⛔If BTC continues its correction, it could extend its decline toward the 61.8% Fibonacci retracement level at US$78,661, which roughly coincides with the 50-week Simple Moving Average (SMA) at US$76,614.
📈The Relative Strength Index (RSI) on the weekly chart, at around 59, indicates mild positive momentum without reaching overbought conditions. At the same time, the Moving Average Convergence Divergence (MACD) histogram remains firmly in positive territory, suggesting upward pressure is continuing despite nearby resistance and the ongoing pullback.
🔥If BTC recovers, it could resume its climb toward US$87,823, followed by the 100-week SMA at US$89,746.
☣️On the daily chart, BTC maintains a constructive bias as it consolidates well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between approximately US$75,500 and US$80,200.
#BitcoinOptionsVolatilityHitsFiveYearLow FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped$FARM $ROBO
The Crypto King fell 3.19% last week after facing rejection at the 50% Fibonacci retracement level of US$87,823 (drawn from the August 2024 low of US$49,000 to the October 2025 record high of US$126,199). At the start of this week, BTC was trading around US$83,500 on Monday.
⛔If BTC continues its correction, it could extend its decline toward the 61.8% Fibonacci retracement level at US$78,661, which roughly coincides with the 50-week Simple Moving Average (SMA) at US$76,614.
📈The Relative Strength Index (RSI) on the weekly chart, at around 59, indicates mild positive momentum without reaching overbought conditions. At the same time, the Moving Average Convergence Divergence (MACD) histogram remains firmly in positive territory, suggesting upward pressure is continuing despite nearby resistance and the ongoing pullback.
🔥If BTC recovers, it could resume its climb toward US$87,823, followed by the 100-week SMA at US$89,746.
☣️On the daily chart, BTC maintains a constructive bias as it consolidates well above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), which are clustered between approximately US$75,500 and US$80,200.
#BitcoinOptionsVolatilityHitsFiveYearLow FSBWarnsCrossBorderStablecoinRulesRemainUnderdeveloped$FARM $ROBO