Bitcoin Trend Analysis Today

From a technical perspective, BTC has broken through several key support levels recently. Short-term moving averages are in a bearish alignment, with the 50-day moving average crossing below the 200-day moving average, forming a typical death cross. The trading volume has increased significantly during the decline, indicating concentrated and active selling pressure. The RSI has entered oversold territory but has not yet shown a bottom divergence, and the MACD is also showing increasing volume below the zero line, indicating a continued bearish trend. In the short term, BTC may consolidate at low levels with limited rebound potential. Unless there is a significant increase in volume and stabilization, stronger on-chain buying, and a recovery of key support levels, it is not advisable to be bullish easily.

On a larger timeframe, the expected support is around $78,000–$76,000. A further break below this level could test the $70,000 area. Resistance is around $90,000–$95,000.