The $BTC /USDT chart on Binance reflects a bearish pullback as Bitcoin trades at 115,410.00 USDT (Rs32,718,735), marking a -1.82% decline. Over the past 24 hours, BTC has fluctuated between a high of 118,575.00 USDT and a low of 115,292.67 USDT, suggesting strong volatility within a narrow range. The 1-hour timeframe chart highlights downward momentum, with candles showing consistent selling pressure around key support levels.
From a technical perspective, Bitcoin is currently trading below all major moving averages: MA(7) at 116,783.28, MA(25) at 117,680.89, and MA(99) at 118,331.21. This alignment indicates a clear short-term bearish trend, as each moving average is positioned above the current price, creating resistance layers. Trading activity remains strong with a 24-hour volume of 10,225.03 BTC (1.20B USDT), showing high liquidity even during the decline. Unless buyers step in with momentum, BTC may retest its immediate support zone, while recovery would depend on breaking above the 116,800–117,600 resistance region.
