$BTC

Analysis Bitcoin

Current Price: Around eighty-seven thousand eight hundred thirty USDT

Trend: Short-term bearish with a corrective bounce after the recent high at ninety thousand five hundred seventy-three and a low at eighty-six thousand four hundred thirty-two.

Moving Averages:

Short-term average is providing minor support.

Medium-term average is acting as resistance.

Long-term average represents major resistance.

Support Levels: Around eighty-seven thousand one hundred to eighty-seven thousand three hundred, with major support near eighty-six thousand four hundred.

Resistance Levels: Around eighty-eight thousand, with stronger resistance near eighty-eight thousand nine hundred.

Outlook:

Price remains below key averages, indicating short-term bearish pressure.

Likely rejection near resistance; a drop below major support could extend downward.

Sustained move above resistance is required for a bullish reversal.

#summary : Bitcoin is in a corrective phase with short-term bearish bias. Exercise caution near resistance and monitor for breakout confirmation.