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Market Insights by Aryan
Medlem sedan Dec 16, 2011
41 inlÀgg
Aug 25 at 08:11
Medlem sedan Dec 16, 2011
41 inlÀgg
đ Bitcoin has broken below the 50-day EMA with falling volume, signaling weakening bullish momentum. This key support held in past bull markets but now acts as resistance â buyers lack strength to reclaim it.
đ» Volume drop adds pressure and reflects cautious sentiment. If BTC fails to recover above the 50-day EMA soon, the next key support is near $111,000 (100-day EMA). Breaking that may signal a broader trend reversal.
đ Key resistance is now at $116,000. Without breaking it, the bull market narrative remains fragile.
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