Bitcoin's $90K Support Under Pressure, Potential Drop to $80K
- Support Pressure: Bitcoin's $90K support level is under threat due to $934 million in ETF outflows, and a breach could lead to increased market volatility, impacting major cryptocurrencies like Ethereum.
- Market Dynamics Shift: High leverage and ETF redemptions exacerbate Bitcoin's pullback risk, with experts predicting that if the $90K support fails, it could trigger widespread liquidation events, affecting investor sentiment and liquidity.
- Liquidity Challenges: A drop to the lower $80K range could spark further liquidity adjustments, as historical patterns indicate significant volatility spikes when major support levels are breached.
- Investor Strategy Reshaping: Changes in ETF liquidity and market leverage conditions may redefine investor strategies, posing critical challenges for short-term holders who must closely monitor market dynamics to mitigate potential risks.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 36455.626 | 48227.813 | 61191.376 | 72963.563 | 85927.126 | 97699.313 | 110662.876 |
| Fibonacci | 48227.813 | 57676.87 | 63514.507 | 72963.563 | 82412.62 | 88250.257 | 97699.313 |
About BTC
About the author







