NEWSLETTER
bitcoin is quoted below the $ 90K level, with bulls that actively defend the key demand to initiate a recovery phase. However, fear and uncertainty continue to dominate the feeling of the market, since many investors speculate that bitcoin may have already reached its upper cycle. Recent correction has intensified concerns about a potential bearish phase, leaving merchants to the limit.
Despite the growing pessimism, the data in the chain suggest that bitcoin could be close to a rebound. Cryptocant data reveal that the loss of bitcoin on Chain Trader currently currently performed at -14%, a level that has historically preceded a market recovery.
Although btc remains under pressure, this type of generalized sales activity has previously marked local funds before a rebound. If bitcoin manages to keep above the key support levels and recover impulse, he could follow a strong recovery phase.
However, if bulls cannot recover control soon, the low downward movement remains a possibility. The next few days will be critical to determine whether bitcoin can shake the bassist feeling or continue with his trajectory down.
Will bitcoin follow this historical trend?
bitcoin is sailing for a volatile and uncertain economic environment, with global trade wars and new technological advances that add to market instability. The recent price drop has increased concerns, pushing investors to a feeling of risk.
Negative news and uncertainty continue to weigh on btc, which makes the $ 90K level a crucial barrier that must recover to maintain the long -term upward trend. If bitcoin does not break above this level soon, the upward trend could be at risk, which leads to greater inconvenience.
Despite these challenges, the data in the chain suggest that a potential recovery could be on the horizon. Insights Cryptoquant shared by the analyst <a target="_blank" href="https://x.com/ali_charts/status/1896065681713742185″ target=”_blank” rel=”noopener nofollow”>Ali Martínez in x It reveals that bitcoin recovers historically when the merchant in the chain made the loss of loss -12%.
Currently, this metric is -14%, indicating that btc could approach a point of reversion. This level suggests that merchants have been selling with losses, often pointing out the capitulation before a rebound.
As the market experiences serious pressure, the Bulls are actively defending the key demand levels that btc could establish for rapid recovery. If bitcoin remains above the critical support and the yields of investor confidence, could follow a rough movement upwards. The next few days will be crucial to determine whether btc can recover strength or if the bearish feeling will continue to dominate the price action.
Price that has over $ 85k: can btc recover?
bitcoin is quoted at $ 85,900 after experiencing a mass sale pressure that caused the price at $ 78,100 earlier this week. The bulls lost control during this strong decrease, but btc has been recovered since then, now it remains above the 200 -day mobile (MA) average to $ 82K and the 200 -day exponential mobile (EMA) average at $ 85.5K. These technical levels are crucial to determine the next phase of the price action.
If btc remains above the level of $ 85K, could indicate a stabilization phase, preparing the stage for a strong push above $ 90K in the next few days. However, market uncertainty remains high, and investors closely observe if this rebound can maintain the impulse. A break above $ 90K would be a strong confirmation of the bullish force, which could lead to a recovery rally.
On the other hand, if btc loses the $ 85K support, the sales pressure could increase once again, dragging the price towards lower demand levels. A deeper correction below $ 82K would put btc at risk of re -testing previous minimums around $ 78k, which could further combine the bearish feeling. The next commercial sessions will be critical to determine if btc can recover an ascending impulse or if it is later.
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