šŸšØšŸšØAttention Alert šŸšØšŸšØ

šŸšØ BTCUSDT Daily Analysis: Bitcoin Facing a Major Pullback Below MA200?

šŸ“‰ MA200 ā€“ Bullish or Bearish?

Weā€™re analyzing Bitcoin (BTCUSDT) on the daily timeframe, and things are looking uncertain. MA200 serves as a key indicator:

šŸ“ˆ Trading above MA200 indicates a bullish territory.

šŸ“‰ Trading below MA200 signals a bearish phase.

Hereā€™s whatā€™s happening now:

1ļøāƒ£ Brief Move Above MA200 ā€“ A Failed Signal

Bitcoin recently moved above MA200, but this development seems weak. Weā€™ve seen this before in late August when Bitcoin briefly traded above MA200 for three days, only to drop back belowā€”another failed signal. Now, itā€™s repeating the same pattern, showing little promise of a bullish wave.

2ļøāƒ£ Weak Volume ā€“ No Bullish Power

The recent move above MA200 came with the lowest trading volume weā€™ve seen in years. šŸ“‰ This lack of volume signals that the move was just a pull-back, not a real bullish wave. A strong bullish move would typically come with rising volume, but thatā€™s not what weā€™re seeing here.

šŸ”» Whatā€™s Next? Bearish Cycle Continues

If Bitcoin falls back below MA200, it would be a major bearish signal, confirming that the bearish cycle, which started at the March 2024 peak, is still in play. This would point to a lower low compared to August 5th, potentially marking the final low of this correction phase.

ā³ Key Levels to Watch

ā€¢ Next target: $44,000 to $40,000

ā€¢ Lower range: $33,000 to $26,000

āš ļø Prepare for a Crash ā€“ But Long-Term Growth Is Coming

Short-term, Bitcoin is likely to crash, as Iā€™ve been warning for months. However, this may be the last bearish phase before a recovery. The market will bounce back, and weā€™re looking at major growth in 2025 with a potential new All-Time High.

$BTC

#BinanceLaunchpoolHMSTR #EIGENonBinance #BTCPredictedNewATH #CATIonBinance #NeiroOnBinance