Bitcoin witnessed a sharp sale yesterday, as it decreased below the level of 80,000 dollars in critical and touched its lowest levels for about $ 74,400. The move shook the investors and put the bulls on the defense, as the declining momentum continues to build through the encryption market. Despite the acute correction, analysts note that the long-term bitcoin structure is still intact-as long as BTC maintains more than the current levels in the coming days.
The broader financial environment continues to influence the feelings. The concerns of trade war and economic instability and geopolitical tensions have created a very volatile background for global markets. Bitcoin, which is often seen as one of the assets of risks, has not been avoided, and interacted sharply with each macroeconomic title.
In addition to anxiety, Ali Martinez, a higher encryption analyst, shared an artistic analysis that shows that Bitcoin has just flashing a cross-a declining plan that is running when the average average simple moving for 50 days decreases without the moving average for 200 days. Historically, this signal has often preceded the decline or the side unification periods.
With main levels now under threat, all eyes are on whether Bitcoin can settle at $ 74,000 and fix a recovery, or if the additional downside is still at the forefront.
Bitcoin tests the decisive demand with the acceleration of market sale
Bitcoin is trading in a decisive request area after reducing the level of $ 80,000 for the first time in months. The broader financial market is still on the edge of the abyss, and is nourished by high geopolitical tensions and economic instability. The US tariff policies of the United States, Donald Trump, and irregular public data are only added to uncertainty, leading to a wave of sale across both traditional markets and encryption.
Fear spreads quickly, and investors are increasingly inviting to start the new bear market. Most of the encryption assets have already decreased more than 60 % of their highest levels ever, while Bitcoin decreased by 31 % of its peak, indicating an increase in exhaustion between bulls. The break, less than $ 80,000, confirms that the negative pressure in playing, and that technical feelings have turned to the worst.
Supporting Haboodi expectations, Martinez’s main technical development It reveals that Bitcoin may just flash the death cross-a signal that occurs when the average average simple movement decreases for 50 days from the simple moving average for 200 days. Historically, this style preceded the extended declines and stagnation periods.
Bitcoin also wears its current range, the next few days will be very important. If you fail to restore the upper land soon, the correction may accelerate, which leads to the depth of BTC in lower support areas.
Bitcoin Bulls fights to avoid the collapse of the bear market
Bitcoin is traded at $ 76100 after the declining Sunday and the weak Monday morning, putting the bulls under severe pressure to restore control. The last collapse raised serious concerns about the wider market structure, especially since fear and uncertainty still weighing greatly on the morale of investors.
At this stage, the upscale expectations are suspended with a thread. To prevent confirmed shift to the long -term bear market, BTC must recover quickly and restore key levels. The decisive step exceeding $ 81,000 is necessary to re -establish the upscale momentum and stimulate the recovery gathering. Without this penetration, the current structure is preferred by sellers, and the risk of the deepest passive side remains high.
Analysts agree that the level of $ 75,000 is now the most important threshold on the graph. If Bitcoin loses this level with condemnation, this will confirm a long drop stage, and check the validity of technical signals such as the last death cross and strengthen the thesis of the bear market.
Time runs out to the hearts of the heart. The next few daily closure will be it is very important in determining whether Bitcoin can settle and apostasy-or whether the declining trend is accelerating into a widespread reflection of the highest ranking of 2024.
Distinctive image from Dall-E, the tradingView graph
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