Is $90K BTC? Major support indicators hold red
Bitcoin (BTC) near $78,000 near $98,000 after the first clear low-high-low structure since February. From the $9300 open to the $93,500 open, the $9300 open will rise to $94,500.
Key controls
Bitcoin is above the first 50-week SMA since 2023, breaking the two-year dominance.
The data shows that all major short-term price bands have been resisted.
Short-term holders are close to 12.79% losses.
The two-year bullish trend is at risk
After retracing last week in the first week of the five-week high (SMANE), unless the price returns above $101,000 on Sunday, Bitcoin is on track to close below the indicator again.
This level has acted as structural support since September 2023, defining a two-year dominance. A confirmed bottom closing is enough to not only break that trend, but also give BTC a massive consolidation in the form of a broader correction.
“There is no support in the market,” said Bitcoin researcher Aksin Akler Jus, “after all the key indicators lost from $100,000. “They used $100,000 on No.
Data, once safe drinking zones, now create excessive barriers. STH 1W-1m has been made above $ 102,400, and the STH 1M-3M band has been followed by a band above $ 18,000 above $ 1,1 billion.
However, Cryptoquester Cu jon endo highlighted the stabilization zone that can come hight L-from 8 to 12 months of payment / in the vicinity of $ 94,000 dollars. A technical floor can be hidden from this level, but the critical period below which the market extends will accelerate their critical period and confirm the approval of the bear.
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Can short-term pain ease the payoff?
According to Cryptoquestues, the drop below $98,000 will cause acute anxiety among new and short-term participants. New investors fell by 3.46%, while those who bought last month were left with a loss of 7.71%. Above all, the main short-term partner, in the six months that have been, the buyers are now experiencing a loss of 12.79%.
The number of unadjusted losses is consistent with historical holding levels, and the release traders sell in fear, deep corrections, and clear the way for long-term holdings. The data on the 13% drop in short-term selected gains and losses indicates that the stock is approaching the stock market in their weakness, often before a more stable recovery structure forms.
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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.
