Is Bitcoin recovering, or is it just taking a pause? 📊
Looking at the $BTC chart on the 4-hour timeframe, there’s something important:
The price is hovering around USD 75,791, but it remains below its main moving averages.
🔹 USD 74,888–75,000: recent support zone.
🔹 USD 75,893: MA(7), the first level it needs to reclaim.
🔹 USD 77,342: MA(25), an important resistance level.
What would need to happen for us to talk about a recovery?
A few green candles aren’t enough. I’d like to see closes above the moving averages, volume backing the move, and the price holding the reclaimed levels.
For now, caution makes more sense than jumping the gun.
Question for discussion: Do you think $BTC is building strength to recover, or is another drop still needed before it finds a floor?
$BTC #bitcoin #Trading #AnalisisTecnico #Criptomonedas #Markets
Looking at the $BTC chart on the 4-hour timeframe, there’s something important:
The price is hovering around USD 75,791, but it remains below its main moving averages.
🔹 USD 74,888–75,000: recent support zone.
🔹 USD 75,893: MA(7), the first level it needs to reclaim.
🔹 USD 77,342: MA(25), an important resistance level.
What would need to happen for us to talk about a recovery?
A few green candles aren’t enough. I’d like to see closes above the moving averages, volume backing the move, and the price holding the reclaimed levels.
For now, caution makes more sense than jumping the gun.
Question for discussion: Do you think $BTC is building strength to recover, or is another drop still needed before it finds a floor?
$BTC #bitcoin #Trading #AnalisisTecnico #Criptomonedas #Markets
