#BTC is still correcting within the global downtrend that started last autumn. After a failed attempt to hold above 80,000 (21MA 1D), the price has once again dipped under selling pressure and is approaching key support around 71K.
Holding this zone could provide a bounce back to 76–78K, but losing support will open the path to 66–68K into the ROS zone. The external environment remains negative: macroeconomic pressures, geopolitics, and outflows from #etf continue to weigh on the market.
Holding this zone could provide a bounce back to 76–78K, but losing support will open the path to 66–68K into the ROS zone. The external environment remains negative: macroeconomic pressures, geopolitics, and outflows from #etf continue to weigh on the market.