𝗕𝗶𝘁𝗰𝗼𝗶𝗻 𝗣𝗼𝗶𝘀𝗲𝗱 𝗳𝗼𝗿 𝗮 𝗥𝗲𝗯𝗼𝘂𝗻𝗱? 𝗕𝗧𝗖 𝗖𝗼𝘂𝗹𝗱 𝗦𝘄𝗶𝗻𝗴 𝗕𝗮𝗰𝗸 𝘁𝗼 $𝟵𝟱𝗞 𝗔𝗺𝗶𝗱 𝗕𝗲𝗮𝗿 𝗘𝘅𝗵𝗮𝘂𝘀𝘁𝗶𝗼𝗻

Bitcoin’s recent price action suggests that a market reversal could be on the horizon. Technical indicators show signs of seller exhaustion at the critical 200-day simple moving average (SMA), raising the possibility of a bullish rebound toward $95,000.

𝗞𝗲𝘆 𝗧𝗮𝗸𝗲𝗮𝘄𝗮𝘆𝘀:

🚀 Bitcoin’s decline has stalled at the 200-day SMA, a historically significant support level.

📉 Candlestick patterns suggest weakening selling pressure, hinting at a potential trend reversal.

🔥 Resistance levels to watch: $95,000 and the psychological $100,000 mark.

𝗧𝗲𝗰𝗵𝗻𝗶𝗰𝗮𝗹 𝗔𝗻𝗮𝗹𝘆𝘀𝗶𝘀: 𝗜𝘀 𝘁𝗵𝗲 𝗕𝗲𝗮𝗿 𝗧𝗿𝗲𝗻𝗱 𝗟𝗼𝘀𝗶𝗻𝗴 𝗦𝘁𝗲𝗮𝗺?

Since last Wednesday, Bitcoin has been testing the 200-day SMA, but bears have struggled to maintain downward momentum. The daily candlestick patterns from Friday and Tuesday feature long lower wicks, indicating that sellers attempted to push BTC lower but failed to sustain those levels. This suggests strong buying interest at the support zone.

Typically, when such candlesticks appear following a downtrend, they signal a potential shift in sentiment. Traders often interpret this as evidence that selling pressure is weakening, which could lead to a price bounce.

𝗪𝗵𝗮𝘁’𝘀 𝗡𝗲𝘅𝘁 𝗳𝗼𝗿 𝗕𝗶𝘁𝗰𝗼𝗶𝗻?

If BTC manages to reclaim $95,000, it could reignite bullish momentum, with traders likely targeting the $100,000 level. However, a break below the 200-day SMA could invalidate this outlook and open the door to deeper corrections.

With volatility increasing, all eyes are on Bitcoin’s next move. Will bulls step in to push BTC back above $95K, or will bears regain control? The coming days will be crucial for the crypto market.

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