$BTC buyers are showing signs of weakness.
The attempt to reclaim the 200 MA failed, triggering another pullback. Price is now testing the lower boundary of the cloud, and holding this area is crucial for maintaining the bullish outlook.
If $BTC breaks lower, we could see a move toward $80,000, where support may also come under pressure. Without renewed buying strength, the downside scenario becomes increasingly likely.
However, the bullish scenario is still alive. BTC could consolidate between $81,000 and $83,000 before making another attempt to move higher. For now, the key is to watch how price reacts at these levels.
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The attempt to reclaim the 200 MA failed, triggering another pullback. Price is now testing the lower boundary of the cloud, and holding this area is crucial for maintaining the bullish outlook.
If $BTC breaks lower, we could see a move toward $80,000, where support may also come under pressure. Without renewed buying strength, the downside scenario becomes increasingly likely.
However, the bullish scenario is still alive. BTC could consolidate between $81,000 and $83,000 before making another attempt to move higher. For now, the key is to watch how price reacts at these levels.
#GoogleSetsUAELicensingRulesForCryptoAds #BitMineAdds12535ETH