#BTCNextMove : 🐻 Grip Tightens, But 🐂 Reversal Brewing?
Bitcoin (BTC) is currently caught in a 🐻 grip. The price is below key moving averages and the MACD is firmly in bearish territory. RSI is deeply oversold, hinting at potential exhaustion of sellers.
However, the downtrend remains intact with lower highs and lower lows. Support lies near 91,426.51, while resistance hovers around 108,353.00.
What to Watch:
Breakout: A decisive move above the 10-day MA could signal a 🐂 reversal. 📈
Support/Resistance: Price action at these levels will be crucial. ⚠️
MACD: A bullish crossover could ignite a 🚀 rally.
Disclaimer: This is not financial advice. DYOR and consult a financial advisor before investing.
