🔍 Bitcoin is in a critical test after breaking 104K! Is it a buying opportunity or the start of a downtrend?
🔎 Overview:
Current price: 103,767 USDT
24-hour drop: -2.09%
Lowest price of the day: 102,345
Highest price: 106,149
Bitcoin has lost important support levels after failing to hold 105K. The recent pullback raises an important question: Are we facing the beginning of a new downtrend, or just a correction before continuing the rise?
📊 Technical Indicators:
✅ Moving Averages:
MA(7): 103,674 – the price is currently at this level, testing a moving support
MA(25): 103,828 – broken down
MA(99): 104,519 – now considered a major resistance
✅ MACD Indicator:
Clear negative crossover
The histogram in the negative zone → indicates ongoing selling pressure
But there is a potential crossover for a near-term rise if the price holds above 103,500
✅ RSI Indicator:
RSI(14): 47.6 → Neutral Zone
RSI(6): 57.5 → Slight recovery signals, but not confirmed yet
🧱 Key technical levels:
Level Price
Immediate support 102,345 – currently the lowest low
Strong support 100,000 – both psychologically and technically
Resistance 104,500 then 106,000
📌 Possible Scenarios:
🔼 Bullish Scenario:
If the price closes above 104,500 on the hourly frame
We wait for confirmation of a breakout at 106,000
Targets: 107,800 → 109,000
Suggested stop loss: 102,500
🔽 Bearish Scenario:
Clear break of the level 102,300
Potential targets: 100,000 then 98,000
Stop loss: 104,000 if you enter a sell
💬 Summary:
Bitcoin is in a very sensitive phase...
The market is now dependent on the price reaction at 103,500 – 104,500
Any break or breakthrough will open the door for a strong movement coming.
🚨 Discipline in stop loss is very important now, the market is fast and sensitive to news.
✍️ Share your opinion:
Do you think Bitcoin will return to 110K soon?
And don't you expect a test of 98K first? Write in the comments 👇
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