๐ BTC Stalls at $85K: Bears Eyeing Opportunity? ๐ป๐
Bitcoin (BTC) is currently trading around $84,550 ๐ต๐ฐ. Today's price action shows a tough fight to break the $85,000 resistance ๐ช. An early green candle lacked power ๐จ and met sellers ๐ด, leading to sideways movement โ๏ธ.
On the hourly charts ๐, $BTC is dancing around the 20 & 50 MAs ๐ค, signaling weaker short-term bullish vibes ๐ง. Selling volume picked up a bit at these highs โฌ๏ธ<0xF0><0x9F><0x93><0x88>, hinting at profit-taking ๐ฐโก๏ธ๐ช. Short-term tools like RSI โฌ๏ธ and MACD ๐ป may be pointing south ๐งญ.
Long-term bull case still there ๐, but can't ignore the $85K wall ๐งฑ. If $BTC loses grip on $84K & $83.5K support floors ๐, bears might seize control ๐พโฌ๏ธ. On the flip side, a strong surge above $85K with volume ๐ณ would silence the bears ๐คซ and aim higher โฌ๏ธ๐ฏ.
Market's at a key point ๐. Keep a close watch on these levels for potential breakouts or breakdowns! ๐
๐๐ป๐ BTC Stalls at $85K: Bearish Opportunity Brewing? #Bitcoin #BTC #CryptoNews #TradingAnalysis #Write2Earn
Bitcoin (BTC) price analysis for April 20, 2025, in Pakistan ๐ต๐ฐ. Examining t
The struggle at $85,000 resistance, emerging bearish signals ๐, and key levels to watch for potential trading opportunities. Is a bearish move on the horizon for BTC? ๐ป