$BTC Bitcoin: Heading to $80,000 or $85,000❓❓❓❓❓❓❓❓
BTC has extended its decline by nearly 2% so far this week, trading below $82,200 on Friday, after falling 3.19% last week.
➡️If BTC continues its correction, the coin could extend its decline toward the 61.8% Fibonacci retracement level at $78,661 (drawn from the August 2024 low of $49,000 to the October 2025 record high of $126,199), which roughly coincides with the 50-week Simple Moving Average (SMA) at $76,584.
📈The Relative Strength Index (RSI) on the weekly chart is near 57, trending down toward the neutral 50 level, indicating that bullish momentum is cooling. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains positive, although its bars are weakening. This suggests that broader upward momentum remains intact but is losing strength amid nearby resistance and the ongoing price pullback.
🚀On the other hand, if BTC recovers, the coin could continue its rise toward the 50% retracement level at $87,823, followed by the 100-week SMA at $89,731.
📈On the daily chart, the largest cryptocurrency by market capitalization is holding above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), keeping the short-term outlook constructive.
The 50-day EMA at $80,443 is the nearest dynamic floor. At the same time, the daily RSI around 48 indicates fading bullish momentum, while the MACD indicator remains below zero with a negative histogram, signaling that bullish pressure is moderate rather than impulsive.
🎉On the upside, initial resistance aligns with the horizontal barrier at $85,000, where supply could limit further gains.
💣On the downside, the nearest support is at the 50-day EMA at $80,443, followed by the 100-day EMA at $76,824 and the 200-day EMA at $75,751. Together, these levels reinforce the broader uptrend as long as the price holds above them.#NEARRisesNearly10% RiksbankUrgesLawmakersToPrepareDigitalKronaLegislation$SEI $RENDER
BTC has extended its decline by nearly 2% so far this week, trading below $82,200 on Friday, after falling 3.19% last week.
➡️If BTC continues its correction, the coin could extend its decline toward the 61.8% Fibonacci retracement level at $78,661 (drawn from the August 2024 low of $49,000 to the October 2025 record high of $126,199), which roughly coincides with the 50-week Simple Moving Average (SMA) at $76,584.
📈The Relative Strength Index (RSI) on the weekly chart is near 57, trending down toward the neutral 50 level, indicating that bullish momentum is cooling. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram remains positive, although its bars are weakening. This suggests that broader upward momentum remains intact but is losing strength amid nearby resistance and the ongoing price pullback.
🚀On the other hand, if BTC recovers, the coin could continue its rise toward the 50% retracement level at $87,823, followed by the 100-week SMA at $89,731.
📈On the daily chart, the largest cryptocurrency by market capitalization is holding above the 50-day, 100-day, and 200-day Exponential Moving Averages (EMAs), keeping the short-term outlook constructive.
The 50-day EMA at $80,443 is the nearest dynamic floor. At the same time, the daily RSI around 48 indicates fading bullish momentum, while the MACD indicator remains below zero with a negative histogram, signaling that bullish pressure is moderate rather than impulsive.
🎉On the upside, initial resistance aligns with the horizontal barrier at $85,000, where supply could limit further gains.
💣On the downside, the nearest support is at the 50-day EMA at $80,443, followed by the 100-day EMA at $76,824 and the 200-day EMA at $75,751. Together, these levels reinforce the broader uptrend as long as the price holds above them.#NEARRisesNearly10% RiksbankUrgesLawmakersToPrepareDigitalKronaLegislation$SEI $RENDER