Bitcoin is traded in a strict range between short -term supply and demand after heavy sales pressure for weeks that send shock waves from the wider crypto market. After losing more than 29% since the highest level of all time, BTC is now looking for direction. The bulls should accelerate and take back the level of $ 90,000 to regain confidence and confirm the beginning of a rescue rally. Until then, uncertainty continues to be a dominant theme.
In addition to this precautionary sensitivity, the fears of trade war and global financial instability is a wider macroeconomic ground that gives great weight to investor trust. In the stocks and geopolitical tensions, volatility poured into the crypto area, which made it difficult for Bitcoin to create a clear tendency.
Ali Martinez, the best crypto analyst, shared a technical analysis on X and revealed that Bitcoin may have completed a classic cup and law enforcement formation and reacts to about $ 109,000. However, this does not necessarily point to more negatively. Instead, he emphasizes that Bitcoin has no current aspect.
For now, Bitcoin is holding the floor, but it will depend on how the next movement is a rupture or malfunction or not in the coming days.
Bitcoin faces a very important test after 13%.
Since the low level of March 11, Bitcoin has quietly gathered more than 13% since $ 76,600, and Bulls has now arranged its landscapes to recover the $ 88,000. This last increase has brought cautious optimism to the market, but the next road remains uncertain. Bitcoin is currently faced with a critical technical and psychological test, because it tries to get rid of a sharp fall trend that begins after the highest level of January.
Investor sensation was mixed. Many of them entered the 2025 with their expectations of a strong bull run, but the latest price action and increasing macroeconomic concerns required some analysts to start a bear market. According to MartinezBitcoin may have already completed a classic cup and arm pattern around $ 110,000-the only expected $ 115,000 target is shy of $ 5,000. This technical plan is valid, the current correction can be part of a wider consolidation phase.
This view is compatible with the idea that Bitcoin should be balanced before his next major movement. The bulls should defend existing levels and gain acceleration to exceed the $ 90,000 barrier. Until then, the BTC seems to be in an ongoing rise train and a holding model caught between a deeper negative risk fear.
As Bulls faces critical resistance, BTC price is moving towards 84 thousand dollars
Bitcoin is currently trading at $ 84.100 after a few days of tight consolidation and slow price action at this level. Sunday participants closely follow this range because they represent a short -term short -term battlefield between bulls and bears. In order to achieve any significant improvement, the bulls should take back the 87,300 dollars aligned with both 4 hours 200 -day moving average (MA) and 4 hours 200 -day mobile average (EMA).
A decisive movement on these indicators will probably lead to a renewed push towards the level of 90,000 dollars, a psychological and technical obstacle that can confirm the beginning of a short -term rise tendency. However, taking back $ 87,300 and protecting more than $ 84,000 can transfer the balance in favor of bears.
If the BTC loses $ 84,000 support, the next possible target is that lower demand zones of less than $ 81,000 can be activated. This will strengthen the ongoing uncertainty in the market and increase the risk of a deeper correction. While merchants are waiting for the direction, all eyes have the ability to reclaim BTC’s momentum and convert resistance to support. The next few sessions may be very important for Bitcoin’s short -term price structure.
The prominent picture from DALL-E, tradingView graphics
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