Current Technical Levels and Short-Term Outlook

[howardsentell]

Current Technical Levels and Short-Term Outlook

Analysts indicate that Bitcoin is struggling to maintain upward momentum in the immediate short term, trading below major Exponential Moving Averages (EMAs).

Support Zones: Strong support is identified around the $89,400 to $91,000 range. There is significant buying interest near these levels, which may prevent a deeper drop. A potential "final leg down" could test these areas before a sustained recovery begins.

Resistance Levels: The primary overhead resistance zone is between $92,000 and $92,500. A clear breakout above this range is needed to signal renewed bullish strength.

[X-ray]

Bitcoin was trading below EMA on march 2025 after the big flash dump yet its pumped again not long after



if anything the EMA might indicate potential correction for short term. For long term there's always a chance that bitcoin go up and become bullish again.

So, even if the analyst is true, doesn't mean it will stay bearish forever.

[As-Soon-As]

Bitcoin price will not stay at the same level for long, even though it is currently in the range of $89K and $91K, there is a possibility that Bitcoin price will increase further in the future. The possibility of a slight correction from here is much higher than the possibility of Bitcoin price rising, because the current bear market is most likely to start. However, this bear market is the best time to buy Bitcoin, because when Bitcoin price is low, investors will get a good opportunity to hold Bitcoin for a long time.

[AVE5]

Support Zones: Strong support is identified around the $89,400 to $91,000 range. There is significant buying interest near these levels, which may prevent a deeper drop. A potential "final leg down" could test these areas before a sustained recovery begins.

During the $170,000 that breakout to $120,000, there was a psychological resistance then and according to technical analysis there was not support level to keep pushing the uptrends but based on market sentiments that volatilities can't be predictable, there already came Fomo amongst traders and investors but weren't really convinced about the market direction and then began the sells while there was still gradual buying orders in place over Fomo which gave volatility the momentum to the surge of #126,000 before the resistance level was spotted again triggering the massive sells which weakened performance to fall even up to the bottom level below the $80,000 Dip.

Nevertheless, there had also been more buying at the Dip by institutions which had also been a support ranging the price around the $92,000 in the immediate short term while buying force is insufficient for pump. It's still unfold what next would happen in the forthcoming short term.

[SmartGold01]

At first why did you make this topic a self moderated?
This could scare away many people to come Interact here as they could be at risk of losing their post, especially those that are posting for a paid post.
However, over the past few weeks I have to understand that Bitcoin isn't moved by our humanly thinking and direction rather to how the global trend reacts. Judging from the past ATH of 126k people where that presuming that it would crossed that range which could finally land the price around the price zone of 130k without knowing that could be the last ATH of the year which they never believed it would happen that way. Keep that aside, as someone who is venturing the market for long term there is no reason to panicked over the market rather than just stick to your DCA keep up your portfolio running.