📉 Bitcoin pulls back and tests important support 📉
Today, BTC is trading at $103,583, with a decrease of -1.97% in the last 24 hours. The daily chart shows weakness after failing to stay above the 7 and 25 period EMA, signaling selling pressure. The RSI is at 35, suggesting that the asset is approaching an oversold zone. The nearest support is around $102,300, with resistance at $105,600.
The volume has also decreased, indicating a possible lack of buying strength. Stay alert: if it loses support, we could see a test of $100,000. If it reacts, breaking the EMA(25) could signal a recovery.
