🚨 Bitcoin under pressure – will it withstand the 100-day EMA?
The new week started for BTC with the strongest sell-off of September. The price sharply fell from $115,340 to $111,800 — a minimum in 12 days. Volumes are rising, and the market is increasingly leaning towards fear.
🔻 What we have now:
BTC broke through the 20-day and 50-day EMAs, which have now become resistance.
Key support — 100-day EMA near $111,800.
RSI shows a bearish shift, and the fear index leans towards decline.
📉 If Bitcoin does not hold $111,800, the risk of a deeper correction to $109K–$107.5K becomes real. This could wipe out much of September's gains.
📈 For recovery, BTC must rise above $115K and secure above the EMA. Without this, the bullish trend is at risk.
👉 The next sessions are crucial: will $111,800 become a line of defense, or will the market see another crash?
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