Bitcoin Breaks Key Support: What’s Next?
📉 BTC/USD plunges -5.48% to 86,539, breaking below 91,000 support
🔎 Key Technical Breakdown:
Massive rejection at 91,000, flipping it into resistance.
Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend.
Fib retracement levels:
38.2% @ 86,672 (in play now)
50.0% @ 79,616 (next major support)
61.8% @ 72,559 (deeper pullback scenario)
📊 Momentum Shift Bearish:
RSI at 27.26 → Deeply oversold (potential short-term bounce?)
MACD accelerating downward → Bearish confirmation.
⚠️ What’s Next?
Bulls must hold the 200-day EMA or risk a drop toward 79,616 (50% Fib).
A recovery above 91,000 would be needed to shift sentiment bullish again.
Critical moment for BTC – will buyers step in here?
📌 Watching reaction at 86,500-85,600 zone closely.
- MW
🔎 Key Technical Breakdown:
Massive rejection at 91,000, flipping it into resistance.
Price is now testing the 200-day EMA (85,641) → Crucial for short-term trend.
Fib retracement levels:
38.2% @ 86,672 (in play now)
50.0% @ 79,616 (next major support)
61.8% @ 72,559 (deeper pullback scenario)
📊 Momentum Shift Bearish:
RSI at 27.26 → Deeply oversold (potential short-term bounce?)
MACD accelerating downward → Bearish confirmation.
⚠️ What’s Next?
Bulls must hold the 200-day EMA or risk a drop toward 79,616 (50% Fib).
A recovery above 91,000 would be needed to shift sentiment bullish again.
Critical moment for BTC – will buyers step in here?
📌 Watching reaction at 86,500-85,600 zone closely.
- MW
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