BTC CRASH IMMINENT? $85.5K SUPPORT FAILING
Entry: 85500 🟩
Target 1: 84000 🎯
Stop Loss: 86000 🛑
The 100-week MA has been defended. But the depths of the bear market could send $BTC to the 200-week MA. We are watching the $84k-$85k demand zone. Analyst Beimnet Abebe said he would buy below $80k. Is crypto losing its cool? Social media engagement is down. Retail participation is declining. Institutional interest is up but the ethos is changing. Volatility is halved. ETF flows are negative. Massive drawdowns may not happen. But bubble rallies are also limited. MVRV metric shows smart money is in. This market is maturing. Holders are ready to exit.
Disclaimer: This is not financial advice.
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