The psychological threshold has been breached. The equation behind Bitcoin’s fall:
(Loss of the moving average) + (Risk-off selling) = Test of key support.
BTC, trading at $79,628, has fallen below the $80,000 level. The technical damage is clear: the price has dropped below the MA(7) at $81,042 and the MA(25) at $82,509.
The bears have taken control, with the 24-hour low touching $79,429. The next major structural defense is the MA(99), at $75,867. To invalidate the sharp decline, the bulls need to reclaim the $81K zone quickly.
Are you buying this dip or waiting for lower prices? Let’s discuss.
$BTC $AIN $HUMA
#BitcoinSlipsBelow$80KAgain
#BTC #cryptotrading #Binance #TechnicalAnalysis
(Loss of the moving average) + (Risk-off selling) = Test of key support.
BTC, trading at $79,628, has fallen below the $80,000 level. The technical damage is clear: the price has dropped below the MA(7) at $81,042 and the MA(25) at $82,509.
The bears have taken control, with the 24-hour low touching $79,429. The next major structural defense is the MA(99), at $75,867. To invalidate the sharp decline, the bulls need to reclaim the $81K zone quickly.
Are you buying this dip or waiting for lower prices? Let’s discuss.
$BTC $AIN $HUMA
#BitcoinSlipsBelow$80KAgain
#BTC #cryptotrading #Binance #TechnicalAnalysis
