BTC is currently around $73,770 — only about $600 above the 200-day average at $73,170. This is the line that determines whether the correction since early October turns into a downtrend or remains just a correction.
Context: since midday, the price has slowly slipped from $74,470 to $73,770, and the latest 4H candle closed at $73,770 — still below the September 15 low of $74,891. Sunday's flush low of $73,436 is only about $340 below the current price. ETH also broke below $2,100 to $2,081, so this pressure isn't just about BTC.
Bullish scenario: the 200-day MA holds, then BTC reclaims $74,891 — that's the first sign of improvement, followed by a daily close above $75,625.
Bearish scenario: a daily close below $73,436 and a break of the 200-day MA — opening the way to $71,995, then the $70,000 zone. Tomorrow's US CPI data at 20:30 WIB will be the deciding factor.
My conclusion: I'll wait for confirmation on either side before taking a stronger stance — at a line like this, guessing is more costly than waiting.
This is my analysis, not financial advice — always DYOR.
What do you think, will the 200-day MA hold or break first?
#Bitcoin #AnalisisCrypto $BTC
Context: since midday, the price has slowly slipped from $74,470 to $73,770, and the latest 4H candle closed at $73,770 — still below the September 15 low of $74,891. Sunday's flush low of $73,436 is only about $340 below the current price. ETH also broke below $2,100 to $2,081, so this pressure isn't just about BTC.
Bullish scenario: the 200-day MA holds, then BTC reclaims $74,891 — that's the first sign of improvement, followed by a daily close above $75,625.
Bearish scenario: a daily close below $73,436 and a break of the 200-day MA — opening the way to $71,995, then the $70,000 zone. Tomorrow's US CPI data at 20:30 WIB will be the deciding factor.
My conclusion: I'll wait for confirmation on either side before taking a stronger stance — at a line like this, guessing is more costly than waiting.
This is my analysis, not financial advice — always DYOR.
What do you think, will the 200-day MA hold or break first?
#Bitcoin #AnalisisCrypto $BTC