Is $BTC on the edge? đ
BTC is sitting at $80,000, down 2.3% this week and 5.2% this month. That's 5 straight red daily closes since it got rejected at $84,900 on Oct 21.
Levels I'm watching:
âą Support $79,200: the 30-day low. Tested twice and still holding
âą Pivot $82,000: where the MA20 and MA50 meet. Below it, the short-term trend stays bearish
âą Resistance $84,900: last week's high
Scenarios:
đą Holds above $79,200 and reclaims $82,000 â room to bounce back to $84,900
đŽ Breaks below $79,200 â could slide toward $77,000â$78,000
Daily RSI is around 42, not oversold yet. So I'm not rushing to buy. I'd rather wait for $79,200 to confirm first.
When $BTC shakes, $ETH and $BNB usually follow. Are you team bounce or team breakdown? đ
#BTC #CryptoAnalysis #Bitcoin
Not financial advice. DYOR.
BTC is sitting at $80,000, down 2.3% this week and 5.2% this month. That's 5 straight red daily closes since it got rejected at $84,900 on Oct 21.
Levels I'm watching:
âą Support $79,200: the 30-day low. Tested twice and still holding
âą Pivot $82,000: where the MA20 and MA50 meet. Below it, the short-term trend stays bearish
âą Resistance $84,900: last week's high
Scenarios:
đą Holds above $79,200 and reclaims $82,000 â room to bounce back to $84,900
đŽ Breaks below $79,200 â could slide toward $77,000â$78,000
Daily RSI is around 42, not oversold yet. So I'm not rushing to buy. I'd rather wait for $79,200 to confirm first.
When $BTC shakes, $ETH and $BNB usually follow. Are you team bounce or team breakdown? đ
#BTC #CryptoAnalysis #Bitcoin
Not financial advice. DYOR.
