Bitcoin price faces 3 months in the bottom direction at 85,000 dollars

Bitcoin is facing fixed conflicts over the past few months, with no rear attempts to recover.

King Cryptocurrency King, which is currently $ 83,768, faced resistance of $ 85,000 several times this month. This failure to break the resistance causes increased uncertainty among investors.

Bitcoin investors are sure

The Bitcoin and greed fear index reveals a prevailing feeling of fear BTC holders. Since early March, this fear is intensified as market conditions continue to do not respond to positive signals. With the leadership of bitcoin and conflicts to restore the bullish momentum, the investor’s confidence in fading continues.

The current atmosphere is reflected in the total feelings, as many investors refrain from making significant moves in the market. This indicator also indicates that Bitcoin holders avoid more dangerous investments and restore market participation.

Macro’s total momentum Bitcoin also points For frequency among market participants. The active headlines on the Bitcoin network are almost the lowest in two months, indicating a decrease in participation.

This decline indicates that withdrawal holders show less attention in conducting transactions or moving their coins. The lack of enthusiasm to participate in the network indicates that investors are not sure of the future trend of the market.

Can BTC penetrate the price of $ 85,000?

Bitcoin is currently She suffers from a three -month downward trend, as the price hovers at 83,768 dollars. Despite many attempts to violate the $ 85,000 resistance, Bitcoin has failed to maintain upward momentum. Repeated rejection processes at this level indicate great resistance, which may lead to more price stagnation.

If the landmarks continue to remain high, the investor remains high, Bitcoin may decrease from the current support of $ 82,619. The decrease to $ 78,481 is a possibility, as the declining direction extends and deepens the losses for holders. This can enhance the feeling of uncertainty in the market.

However, if Bitcoin He managed to violate the resistance level of $ 85,000, and may raise a crowd of about 8,7344 dollars. Breaking this barrier may successfully invalidate the current downward expectations, paying Bitcoin about $ 89,800 and providing a new look at the encrypted currency.