Bitcoin falls toward $81,500 amid selling pressure and concerns over slowing global liquidity
Although the global money supply (M2) has reached a record level of nearly $125 trillion, liquidity growth has not directly translated into a higher Bitcoin price. Bitcoin is facing pressure amid slowing money supply growth and a strong dollar.
Technical analysis – BTC:
Bitcoin is trading near $81,485 on the 15-minute chart after retreating from around $82,100, with clear selling pressure emerging. The price is also trading below the short-term moving averages, pointing to continued weakness in the near term.
Support: $81,170, then $80,800.
Resistance: $81,640, then $82,100 and $82,400.
Bearish scenario: A break below $80,800 could add to the pressure on the price.
Bullish scenario: Reclaiming $82,100 and holding above it could support a rebound toward the next resistance levels.
The short-term trend leans bearish, but confirming a continued decline requires a break of support levels. Global liquidity movements remain an important factor in determining the next direction, but they alone do not guarantee that Bitcoin will rise or fall.
Although the global money supply (M2) has reached a record level of nearly $125 trillion, liquidity growth has not directly translated into a higher Bitcoin price. Bitcoin is facing pressure amid slowing money supply growth and a strong dollar.
Technical analysis – BTC:
Bitcoin is trading near $81,485 on the 15-minute chart after retreating from around $82,100, with clear selling pressure emerging. The price is also trading below the short-term moving averages, pointing to continued weakness in the near term.
Support: $81,170, then $80,800.
Resistance: $81,640, then $82,100 and $82,400.
Bearish scenario: A break below $80,800 could add to the pressure on the price.
Bullish scenario: Reclaiming $82,100 and holding above it could support a rebound toward the next resistance levels.
The short-term trend leans bearish, but confirming a continued decline requires a break of support levels. Global liquidity movements remain an important factor in determining the next direction, but they alone do not guarantee that Bitcoin will rise or fall.