$BTC The momentum of BTC in Binance currently shows some negative signals, as the price is trading at $89,254.68, with a decrease of 3.13%.
*Influencing Factors:*
- *Selling Pressure*: Continued selling pressure on BTC.
- *Technical Indicators*: Indicate weak momentum, with RSI at 38.38 and MACD in the negative zone.
- *Strong Support*: Holding $BTC
around the $88,000 level.
*Technical Analysis:*
- *RSI*: Approximately 38.38, indicating weak momentum.
- *MACD*: Shows a bearish crossover, reinforcing the downward trend.
*Future Predictions:*
- If the current momentum continues, the price of BTC may reach higher levels, such as $90,000-$91,000.
- If BTC loses the support level, it may drop to lower levels, such as $85,000-$86,000.
Remember that the cryptocurrency market is volatile, so you should do your own research and consult a financial advisor before making any investment decisions. ¹ ²
