BITCOIN PRICE PREDICTION: The extension of Selloff continue ? $BTC risk deeper losses after fall of 7%
Bitcoin is Trading at $76,142 after a fall to 73k and sharp daily drop average is $5,000 or 7.15% Its asset remain well below its MA-20($88,631.06), MA-50($89,026.77) and MA-200($103,745.24) which making it more in Down trend Pressure Momentum across all key time frame.
MOMENTUM INDICATORS All momentum indicators remain negative, with BTC struggling beneath crucial moving averages (MA-20, MA-50, and MA-200), highlighting persistent pressure in the short, medium, and long terms. The nearest resistance lies at the ($86,265.96), while there are no notable support levels above the current price. Bearish sentiment is underlined by a low RSI (28.81), an oversold CCI (–176.92), weak readings in the MACD and ADX, as well as seller dominance confirmed by Bull/Bear Power and the Awesome Oscillator.
WEEKLY CRYPTO MARKET RECAP: $BTC AND $ETH Drop as uncertainty grows
Crypto market came in pressure this week as both posted deep decline causing market anxiety, Global uncertainty and heavy selling by investors. Price moved down rapidly causing traders off guard after a period of elative stability earlier in the Month.
Review: *Bitcoin remains technically fragile, but whale accumulation suggests buying beneath the volatility.
*Ethereum faces heavier downside pressure due to liquidations and large-scale holder distribution
*Macro shocks, leverage unwinds, and shifting safe-heaven flows will likely define crypto market direction in the weeks ahead.
The latest drop highlights how digital assets remain sensitive to sudden shifts in sentiment especially when broader financial market are already on edge due to geopolitical tensions and changing expectations around monetary policy.
Could Geopolitics shock triggers mass Sell off on $BTC ? Should we Expert the Fall below $75,000 on Bitcoin ?
Quick HIGHLIGHT
$BTC continues its sharp selloff Falling below $80,000 for the first time since April last year touching 75,000
1. As Geopolitics tensions triggered risk off selling erase January Gains (Plunged Below $80K)
2. $2.5B Crypto positions were liquidated mostly Long positions
3. Heavy U.S Spot Bitcoin ETF added pressure, Deeping the sell off and worsening short-term sentiment.
Selling pressure was reinforced by heavy withdrawals from U.S spot Bitcoin ETFs, which recorded $1.49 billion in net outflows during the final week of January .
Caution: Make most of your position Short $BTC Bitcon hasn't done yet, Heading to 60k