NEWSLETTER
After weeks of intense sales pressure, bitcoin (btc) has entered a consolidation phase, quoting below the $ 85K brand and above $ 80k. Bulls now face a critical test, since they must push btc above $ 90K to prevent bears from driving the lowest prices.
bitcoin has currently dropped more than 29% since it reached its historical maximum (ATH) in January, which caused growing speculation about a possible bears market. The feeling is still cautious, since merchants are not sure if btc has touched or if it is coming below.
Cryptocant data reveals that the current phase of negative demand suggests that the distribution of btc, a pattern that has historically led to temporary corrections, has not always indicated a complete trend reversion. According to the data, bitcoin's demand has decreased by approximately -140k btc, which is significantly lower than the previous crisis outputs of -268k btc and -437K btc.
While this localized sales pressure add uncertainty, analysts suggest that the scale of the current decrease does not threaten the wider upward market. The next few days will be crucial since bitcoin must maintain its current range and claim key resistance levels to confirm an additional recovery or risk of losses if the bears remain in control.
bitcoin Bull Cycle has not finished
crypto and the United States stock markets are fighting in the midst of macroeconomic uncertainty and commercial war fears, creating a challenging environment for investors. bitcoin (btc) has now dropped almost 20% since the beginning of the month, and the bearish trend seems to continue as the feeling is still weak.
Despite this short -term negative perspective, market foundations remain solid. Institutional adoption continues to grow, and the plans of the president of the United States, Donald Trump, to create a strategic Bitcoins reserve could be an important catalyst for future price action. Many analysts argue that while current conditions are bassists, they do not necessarily indicate the end of the upward market.
The superior analyst Axel Adler admits this view, <a target="_blank" href="https://x.com/AxelAdlerJr/status/1900815797452263823″ target=”_blank” rel=”noopener nofollow”>Share ideas about x suggesting that the decrease in btc is part of a normal market cycle instead of the beginning of a prolonged recession. According to Adler, the current phase of negative demand indicates the distribution of btc, a trend that has historically led to temporary corrections but has not always indicated a reversal of complete trend. The demand has decreased by approximately -140k btc, significantly less than the previous crisis exits of -268k btc and -437K btc.
Adler also points out that despite the current localized sales pressure, this decrease does not threaten the broader upward market. Instead, it seems to be an event to obtain short -term profits after the maximum of all bitcoin (~ $ 109K) and a reaction to macroeconomic factors.
In addition to the uncertainty of the market, the Federal Reserve continues to maintain a narrow monetary policy, while inflation data has exceeded expectations, which leads markets to adjust its fees forecasts. This has increased pressure on risk assets, including btc, which leads to greater volatility and a cautious feeling of investors.
Price struggles below key mobile averages: bulls fight to recover $ 85K
bitcoin is currently quoted at $ 84,300, struggling to recover impulse after weeks of pressure sale. The price is now below the 200 -day exponential average (EMA) to $ 85,500, but remains slightly above the 200 -day mobile (MA) average around $ 84,000. Bulls must have this support and claim the level of $ 85K to avoid a greater disadvantage.
For a confirmed recovery rally, btc needs to overcome $ 85K and overcome $ 90K as soon as possible. Claiming these levels would indicate a renewed renewed impulse, potentially reverse the current lower trend and lead to a new test of areas of greater resistance.
However, if btc cannot claim the 200 -day MA and EMA, it could face a stronger sales pressure, which leads to a possible fall below the $ 80K level. Losing this key psychological support would probably trigger the sale of panic, which forces btc to lower demand areas and extending the current bearish phase.
With the market conditions still uncertain, bulls must act quickly to boost btc above resistance and avoid higher downward risks. The next commercial sessions will be crucial to determine bitcoin's short -term address.
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