Bitcoin's price is undergoing a sharp decline, having fallen below crucial support levels. It has dropped beneath the $95,000 mark and is now trading below the 100 hourly simple moving average. The price faces short-term resistance at $92,200, with key resistance levels at $93,200 and $93,650.
To prevent further losses, Bitcoin must hold above the $90,000 support zone. The MACD and RSI indicators show bearish trends, indicating potential further declines. If support fails, the next targets are $88,500 and $86,400. A rise above $93,650 could help BTC recover toward $95,500 or even $96,400.
Sursă: www.newsbtc.com ↗