Bitcoin Bullish Trend in danger as a BTC Prize stumbles near $ 85,211

BitcoinThe latest price movement near the level of 85,211 US dollars has resulted in several technical red flags, which indicates a possible weakness in its bullish dynamics. Despite several attempts to break through this critical resistance, BTC has difficulties to maintain upward movement and to signal a possible shift in the market mood.

The inability to regain key Resistance zones Has made the bulls prone to, while sellers try to use the latest slowdown. If BTC does not take over this support, a deeper retreat can be on the horizon.

Technical analysis: Signs of weakness in the price campaign of Bitcoin

Bitcoin's price appears vulnerable because it has difficulty maintaining the dynamics and over 85,211 US optimistic Trend. The latest retreat indicates a change in market dynamics to increase bear -like pressure.

Several important technical indicators are flashing signs of weakness, which indicates a decline in bullish impulse. The relative strength index (RSI) previously rising over the 50% threshold. In the meantime, the average convergence brand shows a slow movement (MACD) indicator, whereby the MACD line approaches a bearish transition, which indicates a possible downward movement for the flagship value.

In addition, Bitcoin remains under the 100-day sliding average (SMA), which reinforces the resistance and makes a breakout attempt more require. If buyers are not returned to strength, BTC could be exposed to increased sales pressure, which leads to a decline in the most important support levels. However, a resolution in the purchase of interest and a decisive step over 85,211 US dollars could contribute to this Market feeling In favor of the bulls.

The successful breakthrough of this key resistance could open the door for further upward trends, with BTC aiming for higher resistance zones, including 93,257 US dollars. An outbreak of 93,257 US dollars would increase the bullish dynamics and renewed the signal investor Trust, more buyers on the market.

Breakdown risk: Key levels below 85,211 US dollars to be seen

To maintain the inability of Bitcoin, a dynamic of 85,211 US dollars Support levels In focus. With an increased sales pressure, the next critical zone that can be observed is 73,919 US dollars, with buyers trying to defend themselves against additional losses. A violation of this level signals a deeper correction in relation to the support of 65,082 US dollars.

Another downward movement could bring 60,152 US dollars into play, a region that previously acted as a strong demand zone. The failure to keep over this area can accelerate bearical movements, which increases the likelihood of a BTC review of lower values. Bulls have to reclaim the 73,919 dollars in order to alleviate the risk of a longer decline and restore control over the trend.

Selected picture of Unsplash, diagram of tradingview.com

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