#USTariffs #TradeWar #CryptoImpact #GlobalEconomy #Inflation
Bitcoin’s Struggle Continues: Will It Hit $70K or $50K Next? 📉❓
Bitcoin ($BTC) is still facing a tough time. As expected, its price has dropped from a high of $93K to around $85K. Right now, it’s trading at $86,283, down 8.35%, after a big sell-off. Even though there’s been a small recovery, selling pressure is still strong, making it hard for Bitcoin to gain stability.
📊 Key Levels to Watch
🔹 Resistance at $88,500 – If Bitcoin moves above this, it could rise to $90K and $92K.
🔹 Support at $85,000 – If Bitcoin falls below this, it might drop further to $83,500 or even $81,000.
📉 Market Trends & Indicators
🔸 Parabolic SAR: Still showing a bearish trend, meaning more downside risk.
🔸 MACD: Negative momentum, but a possible recovery is forming.
🔸 Volume: Sellers are still in control, and buyers haven’t stepped in strongly yet.
💡 Trading Strategy
📈 Buying Opportunity: If Bitcoin breaks $88,500, it could go up to $90K or $92K.
📉 Selling Opportunity: If Bitcoin drops below $85,000, it could fall to $83,500 or $81,000.
🛑 Stop Loss: Keep a stop loss at $87,000 to manage risks.
🚀 What’s Next?
Bitcoin is trying to recover, but the market is still bearish. The next big move depends on whether Bitcoin breaks above or below these key levels. Traders should stay cautious and watch the market closely!
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