$BTC will go down to 95000$ | Trader moh on Binance Square

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Bearish

$BTC 
BTC
90,200.98
-2.02%
 will go down to 95000$ 

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Bitcoin Analysis $BTC Bitcoin is currently trading below the support level of $90,500. The 50-day moving average has crossed below the 20-day moving average, indicating a bearish trend. Investor sentiment is further dampened by recent comments from Trump, leading to increased fear in the market. Additionally, there has been a rise in outflows from Bitcoin investment funds. Given these factors, further declines in Bitcoin's price are anticipated in the near future. $BTC #BTCanalytics c#CryptoTrading.

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Bitcoin Analysis $BTC If Bitcoin breaks the support level of $86,300 and closes below this area, we can expect further declines. The next significant support level to watch would be around $80,000. A close under $86,300 would indicate a bearish trend, and traders should be cautious as the price may continue to drop towards this lower support level. Monitoring price action closely around these levels will be crucial for making informed trading decisions.#Marketdown #CryptoAnalysis"

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Bitcoin Analysis Update$BTC As discussed in our previous analysis, Bitcoin was expected to decline to the $94,000 level. This drop has occurred; however, if Bitcoin maintains this level without falling below the support at $94,000, we could see a potential rise. Conversely, if Bitcoin closes below $94,000, it may drop further to the next support level at $91,000.

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$BTC Bitcoin Analysis As Bitcoin struggles to break through the resistance level of $98,800 and close above it, several technical indicators and external factors suggest a potential downward trend. Here are the key points to consider: Resistance Level: Bitcoin has not been able to successfully breach the resistance zone at $98,800. This level has proven to be a significant barrier, preventing upward movement. Moving Averages: The price has recently bounced off the 50-day moving average, indicating a potential reversal. Additionally, the crossover between the 50-day moving average and the 20-day moving average suggests a bearish sentiment in the short term. Time Decay: The decreasing time frame for upward momentum raises concerns about the sustainability of any potential rallies. This could lead to increased selling pressure. Political and Economic Events: Recent political and economic developments have further impacted market sentiment, contributing to the likelihood of a decline in Bitcoin's price. Potential Price Levels: Analysts are now considering the possibility of Bitcoin dropping to 94,000.Ifsellingpressureintensifies,thereisariskthatthepricecouldfurtherdeclinetoaround94,000. If selling pressure intensifies, there is a risk that the price could further decline to around 94,000.Ifsellingpressureintensifies,thereisariskthatthepricecouldfurtherdeclinetoaround91,000. In summary, the combination of resistance at $98,800, bearish moving average signals, and external economic factors suggests that Bitcoin may face significant challenges in maintaining its current price levels. $BTC

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