Bitcoin price is close to $ 80,000; The weight of death the cross is the capabilities

Bitcoin’s last basic procedure showed some signs. King Crypto failed to penetrate the main resistance levels, leaving it vulnerable to more declines.

As Bitcoin approaches the support level of the support level of $ 80,000, the possibility of waving on the horizon on the death, which increases the morale of the market in the market.

Bitcoin investors are skeptical

Short -term holders (STHS), who buy at higher prices, are mainly responsible for the ongoing losses. These investors have noticed the losses of losses in response to Bitcoin volatile market Conditions, which reflect the unexpected environment that made it difficult for new investors to navigate.

Meanwhile, their LTHS holders continue to achieve profits, and benefit from their presence in the extended market. However, the current market conditions show the recession in new capital flows, with LTH profit compensation due to STH losses. This creates poor demand and resistance, indicating a possible slowdown in price momentum.

Maintaining stunning in the market usually requires fixed capital flows, but it seems that the market now lacks this decisive support. The overall feelings reflect a neutral position, as they balance both profit and verify loss.

Overall prog momentum shows additional signs of downside, especially with EMAS. EMA for 200 days is less than 3 % from EMA crossing for 50 days, which will lead to the death cross. This technical style has historically referred to great price corrections, which represents a possible end of the 18 -month gold.

As Emas approaches this critical point, traders and investors closely monitor any signs of correction. Fear of the Cross of Death brings more attention Bitcoin price stability. If EMA is for 50 days less than EMA for 200 days, it may lead to more sales, which increases the declining feeling in the market.

Is the BTC price preparing for a further decrease?

Bitcoin is currently Trading at $ 82,248, close to the main psychological support level of $ 80,000. Despite attempts to penetrate, Bitcoin failed to overcome the descending pattern for two months. This pattern indicates that Bitcoin can be at the edge of more decrease.

If the landmark continues, Bitcoin is likely to decrease with the support level of $ 80,000 and is close to $ 76,741. This scenario would enhance the landmark, especially given the technical indicators and the lack of strong purchase support. The collapse without these levels can indicate a deeper correction, with the possibility of more declines.

However, this hippochet thesis can be nullified in the short term Bitcoin price He managed to restore $ 82,761 as support. If Bitcoin penetrates the $ 85,000 barrier, it may explode from the current style, indicating a possible reflection. A strong gathering over 86,822 dollars will indicate the resumption of the upward trend, which nullifies the declining momentum that is currently dominating the market.