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$BTC : Deeper drop?
Bitcoin was rejected at $81,087** (50-week MA) and fell to **$78,111. The 50W MA (~$81,000-$82,470) is the line that separates the bear market from the bull market. Historically, in 11 out of 13 instances, reclaiming it marked the cycle bottom. As long as price remains below it, the long-term bearish structure is still intact.
⚠️ Overheating signals
· Fear & Greed: 74-83 (extreme greed).
· Weekly ROC: ~25% (historically precedes corrections).
· Daily RSI: 74.33 (overbought).
🎯 Key levels
Level Price Meaning
Resistance $83,000 If it breaks with volume, the path opens to $85k-$90k
Immediate Support $74,000-$76,000 Buyer defense
Major Support $67,000-$70,000 If the correction deepens
🧠 What to expect?
The rally was driven by short liquidations ($6.4B since Wednesday). For it to be sustainable, demand must be replaced by spot buyers (ETF: +$337M on August 24).
· Healthy consolidation: BTC moves sideways at $74k-$81k for weeks.
· Deeper correction: if it falls to $74k-$76k, the next target is $67k-$70k (a 15-20% retracement).
Bitget Research warns: traders should be prepared for 10-20% fluctuations in the coming weeks.
In summary: the rejection at the 50W MA is a serious signal, but not necessarily the end of the rally. The key is whether spot demand holds the price. If supports break, the drop could become more pronounced.
Do you think BTC will consolidate at $74k-$81k or will we see a deeper correction? 👇
#Bitcoin #50WMA #estrategia #AnálisisTécnico