Bitcoin is on the right track to close another week below the $ 90,000 mark, strengthening the bearish feeling that has hovered over the market in recent weeks. After facing a period of prolonged volatility and macro-motivated uncertainty, Bitcoin continues to negotiate in a tight range, fighting to recover higher terrain. The wider market remains cautious as global tensions increase, in particular between the United States and China. With the intensification of commercial prices and the fears of global growth, investors run far from high -risk assets and seek stability.
However, not all signals are negative. The Crypto Daan analyst shared information on X, stressing that Bitcoin is regularly higher when measured in relation to actions, especially in the BTC / SPX graph. This relative force is remarkable among the current market disorders and indicates that the BTC can show signs of early resilience.
While February was a difficult month for Bitcoin, largely because of its strong performance in January before the political cycle, to be well against the main stock indices is a positive indicator. If this trend continues, it can serve as a basis for recovery – provided that actions do not undergo another sharp leg.
Bitcoin is negotiated between key levels as the relative force is strengthened
Bitcoin is now traded at a critical level, consolidating between $ 81,000 support and the resistance area of $ 88,000. After weeks of strong volatility and down pressure, the bulls begin to resume the momentum, because the BTC is above the essential levels of support, the potential for stabilization.
While global macroeconomic uncertainty continues to dominate the headlines, the market is carefully optimistic. The financial markets remain fragile and the cryptography sector is not immune. Investors weigh the risks of prolonged geopolitical conflict and inflationary pressures against the long -term attraction of digital assets such as Bitcoin.
Despite this complex backdrop, some analysts remain confident in Bitcoin resilience. Daan shared an analysis comparing Bitcoin’s performance to American actions using the BTC / SPX graphic. The data show that Bitcoin Brose regularly compared to traditional markets – a promising sign in the middle of continuous financial instability.
Daan notes that if Bitcoin had a agitated February, this DIP followed a solid gathering of January before the political inauguration. He adds that if Bitcoin continues to maintain this relative force, it could work well – as long as actions do not feel another major step. As the consolidation phase ripens, an escape in both directions could define the next step of the cycle.
Technical details: Maintain the key support above
Bitcoin is negotiated at $ 85,200 after maintaining the higher force of the 200 -day mobile average (MA) and the exponential mobile average (EMA), which are both around the level of $ 84,000. This technical support provided solid soil during recent sessions, allowing bulls to defend themselves against deeper withdrawals. However, the wider trend remains uncertain and the momentum begins to stall just below the major resistance.
For the bulls to confirm a sustained recovery, BTC must recover the level of $ 90,000 in the coming days. A break above this brand would signal a new high and move the structure towards a more raised trend. Currently, the $ 88,500 zone is a critical obstacle and must be convincingly authorized to open the path above.
On the other hand, if Bitcoin does not exceed $ 88,500 soon, a downward pressure can return. An inability to create a dynamic above this threshold could trigger a renewed sale, potentially bringing up the price below the level of support of $ 81,000. This would invalidate the short -term recovery story and strengthen fears of a deeper correction. For the moment, the market remains linked to the beach, both sides awaiting a decisive movement to define management.
Dall-e star image, tradingview graphic
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