$BTC
After weeks of steady selling pressure, Bitcoin is showing its first signs of recovery. The recent bounce off the $80K demand zone sparked a strong move back above $90K, pulling sentiment slightly out of the fear zone. However, this is still a market trying to shake off a heavy downtrend. Therefore, buyers must prove this isn’t just another dead-cat bounce.
By ShayanThe Daily Chart
On the daily chart, BTC is reclaiming the mid-range green demand zone between $89,000 and $93,000. The price is likely to challenge the upper trendline of the descending pattern in the coming days, which has been acting as dynamic resistance since the breakdown from $116K.
Both the 100-day and 200-day moving averages remain overhead, both around the $108K mark. That cluster of resistance elements near the $107K–$110K range is the real test for any sustained trend reversal. Until those moving averages flip into support, the broader structure remains bearish despite the recent bounce.#BinanceBlockchainWeek #BTC86kJPShock #BTCRebound90kNext?