$BTC tests support at 80,745 amid bearish pressure
CriptoNoticias reports that new whales are buying Bitcoin, which has halted the asset's decline amid a bearish market.
$BTC is trading at US$81,596, down 0.99% in 24h. The EMA20 at 82,126 and EMA50 at 82,751 confirm the bearish trend on the 4h chart; an RSI of 43.5 indicates selling pressure. My take: whale momentum could be temporary and isn't enough to reverse the trend.
Key levels are support at 80,745 and resistance at 83,438. If the price breaks below 80,745, the bearish scenario intensifies, with 79,800 as the next target. A close above 83,438 would invalidate the decline and pave the way to 84,972.
$ZEC (-6.6%) and $NEAR (-5.2%) are also on the move.
Will it break 83,438 or return to 80,745? 🟢/🔴
#btc #futures
This is not financial advice. Verify before investing.
CriptoNoticias reports that new whales are buying Bitcoin, which has halted the asset's decline amid a bearish market.
$BTC is trading at US$81,596, down 0.99% in 24h. The EMA20 at 82,126 and EMA50 at 82,751 confirm the bearish trend on the 4h chart; an RSI of 43.5 indicates selling pressure. My take: whale momentum could be temporary and isn't enough to reverse the trend.
Key levels are support at 80,745 and resistance at 83,438. If the price breaks below 80,745, the bearish scenario intensifies, with 79,800 as the next target. A close above 83,438 would invalidate the decline and pave the way to 84,972.
$ZEC (-6.6%) and $NEAR (-5.2%) are also on the move.
Will it break 83,438 or return to 80,745? 🟢/🔴
#btc #futures
This is not financial advice. Verify before investing.