NEWSLETTER
bitcoin is negotiated below the key levels of resistance as bulls continue to fight to light a recovery rally. Since its maximum point in January, btc has been caught in a persistent bearish trend, losing more than 29% since its historical maximum. This sustained weakness has caused growing concerns among investors and analysts, with some warning that a bearish market can be underway.
Despite the cautious feeling, there is still hope among market observers who believe that bitcoin is experiencing healthy correction within a broader bull cycle. They argue that the recent fall could present a long -term purchase opportunity, especially if the key support levels have and arise bullish signals in the next few days.
One of those signals can come from the MVRV moment indicator and the simple mobile average (SMA) of 180 days. According to Glassnode data, the two metrics approach a possible golden cross, an event historically associated with the main promoting movements in the price of bitcoin. If this crossing is confirmed, it could mark a change at the time of the market and the sign that btc is preparing for another advantage in its current cycle.
bitcoin inches higher while analysts are looking for a bullish signal
bitcoin is quoted above crucial demand levels after a strong recovery of the minimum of $ 81,000 on Tuesday. The largest cryptocurrency in the world has bounced in more than 7% since then, providing a ray of hope for bulls after weeks of implacable sales pressure and uncertainty by macro. From its maximum of all time about $ 109,000 in January, bitcoin has lost more than 29% of its value, which triggers debates among analysts on whether the market is still in a bull cycle or at the beginning of a new bearish phase.
Despite doubts, key technical indicators can suggest a change in feeling. <a target="_blank" href="https://x.com/ali_charts/status/1902965395377819880″ target=”_blank” rel=”noopener nofollow”>According to the superior analyst Ali MartínezThe MVRV impulse indicator and the 180 -day simple mobile average (SMA) approach a golden cross, a historically bullish sign that often precedes strong ascending trends. This crossover, if confirmed, would mark a possible turning point and reinforce the idea that recent correction can be part of a broader bull execution instead of a complete trend reversion.
Still, bitcoin has a job to do. Bulls must maintain current levels and push over the $ 88K– $ 90K zone to confirm a recovery and re -test the previous maximums. For now, merchants are cautiously optimistic, they look closely at chain metrics and technical indicators for the next great movement.
btc Price fights under key averages in the midst of uncertainty
bitcoin is currently quoted at $ 83,900, continuing to float below the critical resistance as the Bulls try to recover the impulse. The price has been trapped below the 200-day simple mobile average (SMA) and the 200-day exponential mobile (EMA), which now acts as key technical barriers near the range of $ 85,500- $ 86,000. Claiming this level is essential to confirm a recovery rally, especially after the extended descending trend of bitcoin since the end of January.
Despite a bounce of 7% of the recent minimum at $ 81,000, the market is still cautious. A decisive movement above $ 86,000 would give bulls the necessary force to test the highest levels around $ 90K and break the current bearish structure. However, without a strong push above this threshold, bitcoin runs the risk of losing its short -term impulse and falling back to lower demand areas.
If the $ 86K brand continues to reject the price share, a movement could be followed below $ 81K, which could cause more sale and panic pressure among retail investors. The next few days will be critical, since bulls must show strength and defend current levels to avoid below. Market participants are closely monitoring both technical indicators and macroeconomic developments to obtain clues about the following bitcoin address.
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