Bitcoin price analysis: BTC loses key support: how low could go?

Bitcoin has dropped below the mobile average of 100 days to $ 98k, approaching the key support level of $ 95k.

However, low commercial activity suggests a lack of a strong impulse, which makes a greater short -term consolidation probable.

Technical analysis

By Shayan

The daily table

Bitcoin has recently dropped below the 100 -day critical mobile average at $ 98k, indicating a slight increase in sales pressure. However, the lack of a strong bearish impulse suggests a weak general market share, without buyers or sellers showing domain.

In spite of this, the breakdown introduces a bearish bias, increasing the probability of additional consolidations and possible retractions towards the significant $ 90K support level.

The 4 -hour table

Within the lower period, Bitcoin’s price action leans bassist, gradually approaching the lower limit of the ascending channel. The market remains in a state of indecision, with two contrasting scenarios at stake.

On the one hand, BTC is approaching a critical support region on the lower limit of the channel and the $ 90K range, which has historically acted as a strong demand zone. This could trigger an investment, which leads to a renewed bullish impulse.

On the contrary, Bitcoin seems to be forming a double pattern, with the neckline aligning with the key support area of ​​$ 90k, also marking previous rotating minimums. A breakdown below this level could confirm a greater bearish continuation.

For now, the BTC price share around $ 90K will be crucial to determine the next main trend, with greater consolidation towards this expected level short -term.

Chain analysis

By Shayan

The Bitcoin market is dealing with growing concerns as the feeling of investors continues to weaken. The recent rally was fed by the optimism surrounding Trump’s electoral victory and the expectations of the allocation of strategic assets in the United States.

However, the growing geopolitical tensions, particularly in commercial policies, has triggered risk behavior, cushioning the impulse of the market. Advancing, a sustained upward movement will probably require the resolution of these uncertainties or the appearance of new catalysts.

The data in the chain highlights these concerns even more. As shown in the graph, the number of directions and active transactions related to Bitcoin deposits and withdrawals has decreased significantly. If this trend continues, it could indicate the exhaustion of investors, similar to the maximum market cycles of 2017 and 2021.

Given the current conditions, short -term price movements remain difficult to predict. If market feeling improves and Bitcoin recovers an ascending impulse, investors confidence can strengthen, feeding another demonstration. However, if uncertainty persists, the market could enter another phase of prolonged consolidation, which resembles stagnation seen in early 2024.