BTC has broken below the 50 MA, and Supertrend has also turned bearish. Now, price is testing the 200 MA, which is a crucial support level.
If BTC fails to hold the 200 MA and breaks below it, we could see another leg down toward $68K. For now, the bearish structure remains intact, and reclaiming the $83.5K resistance would be the first sign of strength.
Let's see if the 200 MA can hold or if we continue lower.
If BTC fails to hold the 200 MA and breaks below it, we could see another leg down toward $68K. For now, the bearish structure remains intact, and reclaiming the $83.5K resistance would be the first sign of strength.
Let's see if the 200 MA can hold or if we continue lower.
