#BTCReclaims101K Bitcoin Tests the 100,000 USD Level Again: Increased Selling Pressure

Bitcoin (BTC) is currently trading at 99,450 USD, down -1.51% in the last 24 hours. Although the market has attempted to hold the support area around 99,000 USD, strong selling pressure still dominates, preventing the price from breaking out.

Highlights in the analysis:

• 15-minute frame: RSI (6) is at 36.66, indicating that selling pressure is still overwhelming. Trading volume is not large enough to push the price higher.

• 1-hour frame: The MA (7) crosses below the MA (25), signaling a short-term downtrend. The nearest resistance level is 100,857 USD.

• 4-hour frame: BTC still maintains long-term support at the MA (99) around 97,591 USD. If this level is not broken, the likelihood of recovery will be higher in the upcoming sessions.

• 1-day frame: RSI (6) reaches 54.69, indicating that Bitcoin still maintains good buying momentum in the long term.