BCC Rishi feeds April Reshive as the Carinbase Prame turns red
Key controls
Bitcoin Coinbase Aditum BTC price fell below $104,000.
Bitcoins RSI hit its lowest point since April, in the lower zone.
The support of the 2000 day EMA is very important for short-term capital risk.
Bitcoin (BTC) declined on Friday, sliding to $103,500 and triggering a significant change in the market conditions. For the first time in a week, the price difference between BTC and other exchanges is stuck on the hour.
Earlier this week, BTC was constantly tested by indirect spot demand from US investors, close to $110,000 to find support. The Coinbase Prumum even reached 0.18, the highest reading since March 2024.
However, that short-term confidence has waned, until the price held above $110,000 on Thursday. Despite the negativity of the main premium at the time, the daily reading remained slightly positive, suggesting that the long-term US buying support has not completely disappeared, but it is currently under stress.
Adding to the pressure of Cabash, the size of the bikini carrier shows a higher volume of trade orders of more than $ 4 billion. Short-term holdings (STH) (HI) moved near $112,370, with key support at $112,370.
Historically, this level is the basis of the average cost of recent buyers, the bottom of which is a permanent uncertainty of about 100,000 dollars.
RELATED: Bank of America shares rally, bullish sentiment rebounds to $105k
Bitcoin mirrors the bottom structure of March-April
BC's current price action appears to be similar to the March-April bottom when a sharp investor number worked after liquidity built up 30 days prior to the start of a gradual recovery. The pattern is that BTC above $100,000 will not necessarily reduce the house, unless it falls below that level.
The relative strength index or RSI also started to recover from April's low of 34, which started to recover in the chart.
A key technical indicator to watch is the 2000-day moving average (ESA), which is the BCC. In the previous cycle, a short period of consolidation led this trend to March 2024 before ripening. At this time, this price was held from April to October 2025. The price will lose the trend in the coming days.
If BTC continues to follow its previous bullish personality, the market may enter a consolidation phase that will last for several weeks. In Q1, the recovery phase is extended to 45-55 days. Applying the same timetable, it suggests that the gradual recovery will not materialize until November or December.
Crypto trader Detoshi echoed this sentiment and said:
“$BTC has consistently rallied around the 3-day 100 EMA, but it took 4-96 days to do so.”
Related: Traders Warn of 50% BTC Price Risk Warning
This article does not contain investment advice or recommendations. Every investment and business activity involves risk, and readers should do their own research when making a decision.
