Bitcoin attempt to sustain momentum above the highly anticipated $100,000 mark has faced stiff resistance, leading to a sharp pullback. Its rejection at this psychological level has fueled bearish pressure, pushing BTC into a corrective phase as sellers take control. Now, all attention turns to key support zones that could determine whether Bitcoin stabilizes or extends its decline. BTC might see a strong rebound if buyers step in at critical support levels, reigniting bullish momentum. However, a failure to hold above these zones may open the door for further downside, potentially testing lower price levels. As uncertainty looms, Bitcoin’s next move will be pivotal in shaping its short-term trend. Bearish Pressure Mounts As Bitcoin Struggles To Hold Gains Bitcoin is currently experiencing strong bearish pressure, approaching the $93,257 level while trading below the 100-day Simple Moving Average (SMA). This downward move reflects weakening momentum as sellers continue to dominate price action. Its inability to break above the $100,000 mark and reclaim the 100-day SMA suggests that BTC may remain vulnerable to further declines unless buyers step in at key support levels. Related Reading: Bitcoin 4-Hour RSI Hits Oversold Zone – Is A BTC Rebound Near? The downward movement suggests a shift in market sentiment, with declining bullish strength and increased volatility. If Bitcoin fails to stabilize near $93,257, it could open the door for more downtrend, testing lower support levels. However, a strong defense by buyers at this range would signal a reversal attempt, offering a chance for Bitcoin to reclaim lost ground and regain its uptrend. Furthermore, Bitcoin’s Relative Strength Index (RSI) is also gaining bearish traction declining from the neutral territory toward the oversold zone. This shift suggests weakening buying pressure, allowing sellers to dictate price action. A continued drop in the RSI could reinforce the downward trend, signaling the potential for further declines if bearish sentiment persists. Nonetheless, if the RSI approaches oversold conditions, it may indicate that Bitcoin is nearing a point of exhaustion, where buyers could step in to trigger a short-term rebound. The next few trading sessions will be crucial in determining whether Bitcoin finds support or extends its decline under mounting bearish pressure. What’s Next For Bitcoin? Critical Levels To Watch Bitcoin’s recent rejection at $100,000 has put key support levels in the spotlight as bearish pressure intensifies. The $93,257 level now serves as a crucial test—holding above it is likely to signal a possible bounce, while a breakdown may accelerate losses toward lower support zones. Related Reading: Bitcoin Still In Bull Market, On-Chain Indicator Confirms Should the price drop below the crucial $93,257 support level, bearish momentum could accelerate, increasing the likelihood of a deeper correction. Such a breakdown may trigger further selling pressure, pushing Bitcoin toward the next key support zone at $85,211. However, if Bitcoin holds above the $93,257 support level, it could trigger a rebound toward the $100,000 mark. A breakout above this key resistance bolsters upside movement, paving the way for gains. Featured image from Adobe Stock, chart from Tradingview.com
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Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of BitMaden. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.
‘Bitcoin’s cycle top isn’t in, just mid-bull pullback’ – Analyst
Wondering what`s next for BTC amid its subdued price action? Here are some key on-chain and historical insights. NewsBTC
Should You Add Memes Like Panshibi (SHIBI) To Your Portfolio? Litecoin Early Investor Explains Why It’s Important
Meme coins have gone beyond the usual speculative hype, and projects like Panshibi bring an ingenious infusion of value-driven utility and innovation. But why do they belong in savvy investors’ portfolios? A Litecoin investor who saw massive gains from LTC’s early adoption believes Panshibi’s focus on innovating the meme culture could toe the same line as Litecoin. With a structured presale, strong tokenomics, and a growing community, SHIBI isn’t just another meme it’s a potential wealth-building opportunity. Its ongoing 60-day presale, tipped to soar 145,000% post-presale, has sold out its first two stages in record time. So buckle up as we explore why investors flock to the new Panshibi presale. Panshibi AI meme coin set to outperform with 145,000% growth post-presale Panshibi is redefining the meme coin space with a strategic blend of cultural significance and powerful AI/social-fi utility, starkly contrasting Litecoin’s recent volatility. Inspired by the beloved panda, Panshibi offers more than just meme-driven hype. A structured presale and high-yield staking present a compelling investment opportunity with tangible long-term value. The market’s response has been overwhelmingly positive. Now in Stage 3 of its 15-stage presale, Panshibi is attracting substantial investor interest. In just a few days, the project has already secured over $660,000, highlighting growing confidence in its potential. Early investors stand to gain significantly as the token’s value surges with each presale phase. Panshibi prioritizes stability and security. With liquidity locked for ten years and ownership set to be renounced post-presale, the foundation for sustainable growth is firmly in place. Beyond financial gains, Panshibi fosters an engaged community. The Bamboo Private VIP Members Club offers early access to token launches and exclusive rewards. All these features attracted early Litecoin investors, who benefited from its innovation-driven bubble after launch, tipping Panshibi as the next breakout star. Its ongoing 60-day presale has reached stage 3, selling at an enticingly low $0.004. Litecoin recovers to 3% MoM as ETF sparks potential breakout. While Panshibi’s innovation goes far and wide, Litecoin still grapples with market volatility. In its early days, the scalable alternative to Butcoin’s PoW inefficiencies attracted investors until it couldn’t keep up with the competition. Litecoin has recovered to $103 on the price chart, a modest 3% MoM gain amid growing ETF speculation. Historically, regulatory advancements in ETFs have served as catalysts for institutional adoption, as seen with Bitcoin. Litecoin’s scalable, secure and low cost makes it an exceptional contender and the latest ETF news could open the floodgates for institutional capital. Technically, Litecoin shows a corrective structure while holding strong support, around $96.8. Analysts predict a breakout above historical $116 and $128 levels could propel LTC above the December peak at $147. Conversely, failure to maintain support could trigger a pullback to $82.95, a critical level for bullish continuation. With institutional interest rising and technical indicators signaling strength, Litecoin’s path to higher valuations appears increasingly viable. However, its early investors are still tipping the new Panshibi presale for 100x returns like Litecoin’s early surge from $4 to $412 ATH. Conclusion Innovation is key to success in the crypto market. Litecoin’s early success proved that, and its inability to evolve proved that again! However, Panshibi is coming on with a long-lasting value and solution to the meme’s speculative fad already fizzling out. Its blend of AI and meme lightheadedness resonated with investors looking for meme’s explosive potential and value-driven utility. With analysts projecting a 145,000% post-presale surge, early investors see it as the next big wealth-building opportunity. You can participate in the Panshibi presale here Telegram: https://t.me/panshibi Twitter: https://x.com/panshibi Website: https://panshibi.com Disclosure: This is a sponsored press release. Please do your research before buying any cryptocurrency or investing in any projects. Read the full disclosure here . NewsBTC