Bitcoin recently broke below the 100-day moving average at $97K, leading to a sell-off that pushed the price below $80K. However, the price rebounded from the 200-day moving average at $80K and is now approaching $90K, suggesting a potential consolidation phase. The market uncertainty caused by the tariff war started by President Trump has contributed to increased selling pressure. Bitcoin is likely to consolidate within the range set by the 100-day and 200-day moving averages before a decisive move occurs. In the lower timeframe, BTC broke below an ascending channel, indicating a potential shift to a bearish market structure. The funding rates in the futures market have been declining and turning negative, suggesting aggressive short positions by sellers. This could indicate a turning point in the market, potentially leading to a short liquidation cascade and a higher Bitcoin price. The next few days will be crucial in determining Bitcoin's future trend.



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