CandleFocus

Bitcoin Technical Analysis: Bears Tighten Grip as Price Dips Below Key Levels

The summary of the given crypto news content is as follows:

Bitcoin is currently priced at $95,492 with a market cap of $1.89 trillion. There has been a drop in price from $99,881 to $95,111, indicating a short-term downward trend. Support is holding at $95,000, while resistance is between $97,000 and $98,000. The moving average convergence divergence (MACD) is flashing a bearish signal. The daily chart shows a bearish big picture, with support zones at $95,000 and $92,000 and resistance at $100,000. Oscillator readings maintain a neutral to bearish outlook. The broader trend may still favor buyers if key support levels hold, but the bearish outlook dominates in the short to medium term.

Related News