What is happening with BTC ( in simple language ):
On the daily chart, BTC shows a steady downtrend. The price has fallen from approximately 116k and is now trading around 85–86k, which is confirmed by: price below MA10 / MA30 → market under pressure; moving averages pointing down — weak momentum; MACD in the negative zone → buyers are not in control yet; volumes are decreasing — no aggressive buy-up. Key point: The 85k zone is a local support. If it holds, a technical rebound is possible. If it breaks down and consolidates — the next area of interest is 80–82k. Conclusion: Now is not the time to chase the market. It’s more sensible to: either wait for a reversal confirmation, or cautiously work with rebounds, or, like in P2P, earn without being tied to the market direction. The market always offers opportunities — the question is not about BTC’s price, but about the strategy.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
What is happening with BTC ( in simple language ):
On the daily chart, BTC shows a steady downtrend. The price has fallen from approximately 116k and is now trading around 85–86k, which is confirmed by:
price below MA10 / MA30 → market under pressure;
moving averages pointing down — weak momentum;
MACD in the negative zone → buyers are not in control yet;
volumes are decreasing — no aggressive buy-up.
Key point:
The 85k zone is a local support. If it holds, a technical rebound is possible.
If it breaks down and consolidates — the next area of interest is 80–82k.
Conclusion: Now is not the time to chase the market. It’s more sensible to:
either wait for a reversal confirmation,
or cautiously work with rebounds,
or, like in P2P, earn without being tied to the market direction.
The market always offers opportunities — the question is not about BTC’s price, but about the strategy.