Here’s the latest on Bitcoin (BTC) — what’s going on, what the charts & data are showing, and some key things to watch (especially relevant given your science/environment interest).
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🔍 Current Situation
Price & market context
Bitcoin recently dropped below $90,000, for the first time in about seven months, erasing most of its 2025 gains.
According to one major technical-indicator site: on the daily chart, all moving averages from MA5 to MA200 are showing “Sell” signals. RSI is around neutral but other indicators (MACD, ADX) are bearish.
Market-analyst commentary: The structure is deteriorating and what looks like a “capitulation phase” may be underway – meaning some long‐term holders are selling off, sentiment is weakening.
Big‐Picture Drivers
Macroeconomic: The drop is being linked to reduced expectations of U.S. interest rate cuts → this reduces the “risk-on” appetite that has helped crypto.
Sentiment & holders: One report says ~815,000 BTC were sold in the past 30 days by long-term holders (the most since Jan 2024) – this suggests confidence is weakening.
Technical: Key support levels that held earlier (e.g., around $99,000) have been breached or tested.
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📊 Technical Outlook
Support & Resistance
A previous strong support around $99,000 was recently retested.
If support fails, some analysts point to a next major zone around $75,000 as possible.
Resistance has become tougher given broken supports and bearish momentum.
Indicators
Moving averages (MA5, MA10, MA20, MA50, MA100, MA200) are largely pointing downwards / giving “Sell” signals.
RSI (~45-50) suggests neither strongly oversold nor overbought, but momentum is losing steam.
MACD / ADX leaning bearish.
Market structure
Broadly, analysts say the structure is deteriorating; the “capitulation phase” language suggests many weaker hands may be getting out.
Long-term holder selling is a red flag (they usually hold through dips).
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🌱 Implications & What to Watch (Especially from a Scientific/Environmental Perspective)
