Daily Bitcoin Market Analysis
$BTC has successfully surpassed the daily 200 moving averages and is currently consolidating above this critical threshold—a development we have long anticipated.
However, it is imperative that Bitcoin maintains this level. Should it fail to hold, a decline toward the low 80,000 range becomes highly probable, aligning with the opposing boundary.
In essence, this would result in continued oscillation within the same trading range observed since late February.
For a meaningful upward trajectory, a decisive and robust move toward the prior range is essential.
True bullish confirmation will only be achieved upon reclaiming the 94,000 level, marking a significant shift in market sentiment.
