Bitcoin $BTC is currently trading at $104,160.16, down 1.72% in the last 24 hours. Letās break down the chart and see where itās headed!
š Key Indicators:
24h High: $106,313.12 | 24h Low: $103,706.71
Volume: High trading volume indicates active participation.
MA(7): $107,522.42 | MA(25): $105,199.05 | MA(99): $91,544.50 $BTC
š Price Action:
$BTC is pulling back from recent highs near $111,980.00.
Price is below the 7-day and 25-day moving averages, signaling short-term bearishness.
Large red candles and increased selling volume indicate stronger seller pressure.
š® Outlook:
Short-term: Likely to consolidate or move lower unless we see a breakout above $107,500.
Long-term: The uptrend remains intact, but momentum must return with a break above $111,980.
š„ Final Thoughts:
The market is at a crossroads. Will Bitcoin regain its strength and push higher? Or will we see further consolidation before the next big move? Stay tuned for updates! š#bitcoin #MarketPullback #TradingTypes101 #PCEMarketWatch