📉 Bearish Alert for Bitcoin: A Closer Look at the 15-Minute Chart
The Bitcoin/US Dollar (BTC/USDT) pair has seen a sharp decline today, currently trading at $90,226.93, down 1.19%.
It has tested a significant drop below its low of $89,480.00.
The price is currently fluctuating near the $90,000 level.
Watch the moving averages:
The price is currently below the short-term moving average (7 days) and the medium-term moving average (25 days), indicating immediate selling pressure.
Trading volume remains high, confirming sudden price volatility.
What's next? Watch for the possibility of re-testing the recently recorded low or the price rising above the 7-day moving average at $90,304.99 as a sign of recovery.
Trade carefully! 👇
Please follow up
BTC
90,470
-2.03%
