The crypto market has us all wide-eyed because Bitcoin just hit a concrete wall at $89,250, and the question we all ask in the WhatsApp group is: does it have the fuel to break through or are we facing a sudden stop? 📉
Look, the situation is like this: our orange giant tried to regain ground and pushed above $86,800 with a lot of strength, but upon reaching the $89,250 zone, sellers said "you won't pass here". Right now, Bitcoin is there, consolidating and trying not to lose balance below $89,000. The positive thing is that we are still navigating above the 100-hour moving average and we have an important support at $87,650 that is holding us up. 🎢
For those who love technical numbers, we are seeing an ascending channel that gives us hope, but the MACD indicator (the one that tells us how fast money is moving) is losing strength. If we manage to close a candle above $89,500, get ready, because the path clears towards $90,500 and who knows if we are looking for $92,000 soon. 🚀
But watch out, family, we need to be realistic. If we do not manage to overcome that resistance of $89k, we could see a drop towards $87,000 or even touch $85,500 to seek liquidity. The bulls are fighting hard in the trench of $87,500, but in this game, the one who blinks loses. 🥊
We are at a tipping point where a single strong movement from the whales can determine whether we close the week celebrating or tightening our belts. Do you think Bitcoin has the necessary maturity to turn $90,000 into its new floor, or are we seeing the beginning of a deeper correction that will test our nerves?$BTC
