#BTC
Bitcoin is currently trading in the 85,200 – 86,500 range after a sharp dump from the 91,100 local high. MA(7) and MA(25) are below MA(99), indicating bearish pressure. Trading volumes have decreased, suggesting a phase of accumulation or market indecision. If BTC breaks 86,500 and holds above, a retest of 87,500 – 88,800 is possible. Otherwise, a breakdown below 85,200 could open the way to 83,500 – 84,000. On lower timeframes, a short-term bounce is possible, but the overall trend still looks weak.
