Bitcoin (BTC) has broken below its consolidation zone and is moving downward, indicating a possible decline of 10% to reach $86,300. The asset is currently trading above the 200 Exponential Moving Average (EMA) but the Relative Strength Index (RSI) suggests limited upside momentum. This breakdown has resulted in the liquidation of millions of dollars worth of long positions, indicating that bears may dominate the market in the coming days. Despite this, there have been significant Bitcoin purchases by MicroStrategy and Semler Scientific. BTC is currently trading near $95,135 and has experienced a 1.05% price decline in the past 24 hours, with increased trading volume indicating heightened participation from traders and investors.



Other News from Today