NEWSLETTER
bitcoin (btc) continues to face a strong resistance below the $ 85K brand, with dominant volatility and fear of the market. After losing the critical level of $ 90k, btc experienced a strong decrease, briefly falling below the $ 80K brand last week. Since then, bulls have tried to stabilize the price, but the sales pressure is still high, avoiding any sustained recovery.
Cryptocant data reveal that the SMA average financing rate (30) has decreased by 9% since the beginning of March. This trend indicates that the negative feeling continues to dominate as merchants bet more and more down. A decline financing rate suggests that short positions are gaining traction, confirming the bearish speculation that the market has driven for weeks.
With btc not to recover the lost land, the macro uncertainty and the caution of investors continue to weigh on the market. So that bitcoin reverts their downward trend, bulls must regain control and push the price above key resistance levels. If the bearish trend persists, btc could face even lower levels, reinforcing concerns about the sustainability of the current cycle. The next days and weeks will be critical to determine the next important movement of bitcoin.
bitcoin faces the bearish trend as the market fights with uncertainty
bitcoin (btc) is now quoted at its lowest levels since the late 2024, which increases concerns that this cycle may not offer the expected profits. Many investors anticipated a quick and strong demonstration this year, but instead, btc has faced a persistent sales pressure. Commercial war fears and macroeconomic uncertainty have greatly impacted crypto and values markets, which has led to a prolonged recession among risk assets.
Since the beginning of the month, bitcoin has dropped almost 20%, and there are still no clear signs of a reversal. The bearish trend seems to be gaining impulse as btc continues to fight below crucial price levels. Despite this negative feeling, bitcoin's foundations remain strong, with the continuous institutional adoption and the plans of the president of the United States for a strategic bitcoin reserve that provides potential catalysts for a long -term recovery.
The superior analyst Axel Adler <a target="_blank" href="https://x.com/AxelAdlerJr/status/1901541220830097424″ target=”_blank” rel=”noopener nofollow”>Shared ideas about xrevealing that the average financing rate SMA (30) has decreased by 9% since the beginning of March. According to Adler, if this trend continues throughout the week, financing rates could become negative, pointing out a growing bearish feeling and a greater short positioning.
For bitcoin to revert this trend, the bulls must recover the key price levels, push btc backwards above $ 90K and recover the impulse. Otherwise, continuous negative financing rates and weak market confidence could promote greater disadvantage in the coming weeks.
btc is brought below key mobile averages as the bears maintain control
bitcoin (btc) is currently traded at $ 83,600, facing strong resistance to key mobile averages. btc has fought to recover the 200 -day mobile (MA) average at $ 84,100 and the 200 -day exponential mobile (EMA) average to $ 85,500, keeping defensive bulls.
For btc to recover the bullish impulse, buyers must exceed the price above the level of $ 86,000 and claim the crucial brand of $ 90K. Breaking above these resistance levels would confirm a potential recovery phase, changing the feeling far from the bearish perspective that has dominated the market.
However, if btc cannot claim these levels, it increases the risk of greater inconvenience. Losing the range of $ 83k– $ 84k could lead to a breakdown below $ 80k, which potentially triggers another wave of liquidations. With the macro uncertainty that still weighs in the market, bulls must recover control soon to avoid further losses. The next commercial sessions will be critical to determine bitcoin's short -term address.
Outstanding image of Dall-E, TrainingView graphics
Editorial process For Bitcoinist, he focuses on the delivery of content completely investigated, precise and impartial. We maintain strict supply standards, and each page undergoes a diligent review of our technology experts and experienced editors. This process guarantees the integrity, relevance and value of our content for our readers.
