📉 Bitcoin(BTC) 4H Chart Analysis – Sharp Decline Continues!**
Bitcoin (**BTC/USDT**) is currently trading at **$83,754.87**, down **-9.88%**, reflecting strong selling pressure. Let’s break down the key levels, indicators, and possible market direction.
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### **📊 Key Price Levels:**
- **Resistance:**
- **$86,532** – A push above this level could trigger a move toward **$91,200**.
- **$91,200** – A crucial resistance zone where sellers may step in.
- **Support:**
- **$81,865** – If BTC breaks below this, a deeper correction could take it to **$78,258**.
- **$78,258** – A critical level where Bitcoin previously bounced.
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### **📉 Technical Indicators:**
🔻 **Moving Averages (MA):**
- **7 MA (Yellow, $87,814)** – BTC is trading below the **short-term moving average**, confirming a **downtrend**.
- **25 MA (Pink, $86,576)** – Further reinforces **bearish momentum**.
- **99 MA (Purple, $92,019)** – BTC remains significantly below long-term trends, indicating weakness.
🔻 **Volume:**
- Increased **selling volume**, showing **strong bearish sentiment**.
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### **📌 Market Outlook:**
- **Bearish Scenario:** A break below **$81,865** could send BTC toward **$78,258** or lower.
- **Bullish Reversal:** A recovery above **$86,500** is needed for BTC to regain strength.
**⚡ Final Thoughts:**
Bitcoin is in a **strong downtrend** in the **4H timeframe**, and traders should be cautious. **Confirmation above resistance** is needed for a bullish recovery.
🚀 **Will BTC bounce back, or is more downside coming?** Let me know your thoughts! 👇💬
#bitcoin #CryptoAnalysis #BTCTrading #CryptoNews #USCryptoReserve $BTC $RED $LAYER
