- Price Analysis: Bitcoin Holds Lower Support Level Amid Market Pressure:


Bitcoin is currently trading at $67,035.30, continuing to decline below all major exponential moving averages (EMAs) and the active super trend line, maintaining a strong bearish bias in the short term. The 50-day, 100-day, and 200-day EMAs, at approximately $75,330, $76,096, and $80,736 respectively, are significantly above the market price, indicating that the broader bullish trend has lost momentum and upward moves are likely to face resistance.
This momentum supports the bearish outlook, as the Relative Strength Index (RSI) hovers in oversold territory near 23 on the daily chart, and the Moving Average Convergence Divergence (MACD) shows a sharp decline, suggesting that bearish pressure remains dominant even as the risk of a corrective rebound increases.

Daily chart of BTC/USDT pair

On the bullish side, initial resistance appears near the broken upward trendline around $71,250, where any rebound to cover short positions may pause. Above that, the SuperTrend level at $73,152 forms a secondary ceiling before a denser resistance zone appears at the 50-day and 100-day EMAs near $75,330 and $76,096, with the 200-day EMA around $80,736 serving as a further barrier. A daily close above the current support zone at $67,000 could push Bitcoin’s price toward $65,000, and if losses accelerate, the $60,000 level remains in reach.

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