Bitcoin lost 11 %in the last week and fell below $ 90,000. Currently traded around $ 85,985, BTC is testing the critical support level. While the uncertainty in the market continues, investors carefully follow Bitcoin’s direction.
Will the decline in Bitcoin continue?
Technical indicators indicate a strong decline tendency for Bitcoin. According to the Ichimoku cloud analysis, BTC’s current price movement remains under the red cloud. This shows that sales pressure has increased and investors are cautious.
In addition, short -term EMA (exponential moving averages) indicators give downwards signals. If the BTC drops below $ 85,000, the price seems to be likely to decline up to the $ 82,000 band. Investors should follow this level as a critical support point.
Bitcoin whales are selling!
Great Bitcoin investors have recently made a significant sales. The whale address, which was 2.054 on February 22, has now declined to 2.042. This shows that large investors distribute BTC assets and realize profit.
However, on the long -term, Bitcoin still attracts the attention of corporate investors. According to experts, the market is currently undergoing liquidation of leveraged positions, which may be a healthy correction for Bitcoin’s long -term growth.
Can Bitcoin exceed $ 90,000 again?
In order for Bitcoin to have a upward recovery, he must first hold on at $ 85,985. If this support is maintained, it may be possible for BTC to rise up to $ 93,000. In the short term, exceeding the $ 96,000-100,000 band will indicate that the market tends to rise again.
However, if the sales pressure continues, BTC may enter a deeper correction. It is critical that investors closely follow market movements and pay attention to risk management. If Bitcoin falls to $ 82,000, it will be decisive at this point whether buyers will come into play. The re -purchase of major investors may reduce sales pressure in the market and support the recovery of the price. In the coming days, volume and whale movements will give critical signals for the short -term aspect of Bitcoin.
