BITCOIN IS AT A KEY DECISION POINT.
$BTC is trading near $84,900 after getting rejected around $87K three times.
The daily chart is losing momentum. MACD has turned bearish, Stoch RSI is cooling and RSI is showing bearish divergence.
Two scenarios from here:
1. Bitcoin holds $81K and continues trading between $81K and $87K until the daily chart turns bullish again.
2. Bitcoin loses $81K and we see a deeper correction toward $75,500, with the Daily MA 50 near $78,581 as support on the way down.
Resistance: $87K
Support: $81K and $75,500
For now, $81K is the level that matters. As long as it holds, this remains a normal correction after the recent pump.
$BTC is trading near $84,900 after getting rejected around $87K three times.
The daily chart is losing momentum. MACD has turned bearish, Stoch RSI is cooling and RSI is showing bearish divergence.
Two scenarios from here:
1. Bitcoin holds $81K and continues trading between $81K and $87K until the daily chart turns bullish again.
2. Bitcoin loses $81K and we see a deeper correction toward $75,500, with the Daily MA 50 near $78,581 as support on the way down.
Resistance: $87K
Support: $81K and $75,500
For now, $81K is the level that matters. As long as it holds, this remains a normal correction after the recent pump.