Bitcoin Price Analysis: More Danger Ahead as BTC Remains Below the Broken Trendline?
- Bitcoin rebounded to $83.3K after testing the $80K–$81.5K demand zone, but remains below the broken trendline, signaling structural weakness.
- The 100-day and 200-day moving averages are supporting a bullish crossover, but their position below the current price ceiling could protect against further declines.
- Increased activity from large whales points to potential selling pressure, which could hinder Bitcoin’s recovery and lead to another test of the $80K–$81.5K demand zone.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto
- Bitcoin rebounded to $83.3K after testing the $80K–$81.5K demand zone, but remains below the broken trendline, signaling structural weakness.
- The 100-day and 200-day moving averages are supporting a bullish crossover, but their position below the current price ceiling could protect against further declines.
- Increased activity from large whales points to potential selling pressure, which could hinder Bitcoin’s recovery and lead to another test of the $80K–$81.5K demand zone.
Source: CryptoPotato
🌍 Updated by GemCrypto
$BTC
#Bitcoin #Crypto