Bitcoin Daily Chart Analysis
Structure: Descending channel
Indicators: 50 EMA (red), 200 EMA (purple)
BTC continues to trade inside a well-defined descending channel. After multiple rejections from the upper trendline, it’s once again approaching resistance around $85K–$86K.
Key Observations:
Price is sandwiched between the 50 EMA and 200 EMA — a zone of indecision.
The 200 EMA remains above the price, acting as dynamic resistance.
A breakout above the upper channel + 200 EMA could flip short-term sentiment bullish.
However, without strong volume or a fundamental catalyst, this area could see another rejection.
A daily close above $86K would be notable and might trigger follow-through momentum.
A rejection here could send us back toward the mid-channel or even test lower support near $76K.
Stay cautious and watch for confirmation before jumping in on either side.
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Happy Trading!!