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Bitcoin Price Retreats—Key Support Levels in Focus After Reversal Newsbtc 5 dni temu

Bitcoin Price Retreats—Key Support Levels in Focus After Reversal 📉

Bitcoin

Bitcoin price has declined from a crucial resistance zone at $95,000, falling below $90,000, and may continue its downward trend. It failed to maintain gains against strong resistance at $95,000, resulting in a drop below $92,000 and $90,000 support levels.

Bitcoin traded over 10% lower than its recent highs, breaking critical support levels including a bullish trend line at $88,000. The price continues to trade below the 100 hourly Simple Moving Average, indicating potential further losses if resistance levels at $88,500, $90,000, or $92,000 are not overcome.

Critical supports stand at $82,250 and $80,000. A failure to recover above $88,000 might push BTC towards $76,000, with $75,000 as primary support. The MACD is entering the bearish zone and RSI for BTC/USD is below 50, suggesting a downward pressure on BTC prices.

Źródło: www.newsbtc.com ↗

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