Post
I have been closely following the daily chart of Bitcoin in recent days.
What catches my attention the most is the fact that the price is below the 200-period moving average. For me, this changes the tone of the conversation. As long as we are below it, it is difficult to talk about a strong bullish trend. The market still seems to be digesting the last leg of the decline.
The region between 73k and 77k was an important support. We lost that level, tried to react, but the price could not sustain. Now we are hovering around 67k, in a zone that has clearly become a battleground between buyers and sellers.
The RSI is near 42. It is not oversold, but it also does not show buying strength. It is that moment when the market seems tired. Neither panic nor euphoria. Just uncertainty.
There are two decisive points in the short term. If it loses the range of 63k with volume, the search for 60k could be quick. On the other hand, if it manages to recover 73k consistently and goes back above the 200-period moving average, the scenario changes completely and the narrative becomes constructive again.
Today, what I see is compression. And compression usually precedes strong movement. I am not seeing structural collapse, but there is also no confirmation of a resumption of the uptrend. Bitcoin is at a defining moment, accumulating energy before the next relevant movement.
What catches my attention the most is the fact that the price is below the 200-period moving average. For me, this changes the tone of the conversation. As long as we are below it, it is difficult to talk about a strong bullish trend. The market still seems to be digesting the last leg of the decline.
The region between 73k and 77k was an important support. We lost that level, tried to react, but the price could not sustain. Now we are hovering around 67k, in a zone that has clearly become a battleground between buyers and sellers.
The RSI is near 42. It is not oversold, but it also does not show buying strength. It is that moment when the market seems tired. Neither panic nor euphoria. Just uncertainty.
There are two decisive points in the short term. If it loses the range of 63k with volume, the search for 60k could be quick. On the other hand, if it manages to recover 73k consistently and goes back above the 200-period moving average, the scenario changes completely and the narrative becomes constructive again.
Today, what I see is compression. And compression usually precedes strong movement. I am not seeing structural collapse, but there is also no confirmation of a resumption of the uptrend. Bitcoin is at a defining moment, accumulating energy before the next relevant movement.
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