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$BTC USDT - Bearish Pressure Below Moving Averages | 1D

Bitcoin is trading at $76,843.1 down -1.54% in the last 24 hours.

Chart Breakdown (1D):

On the daily chart, BTC topped around $87,401.5 in early October and has been in a gradual downtrend since. After testing $74,965 as support, it attempted a bounce but failed to reclaim key moving averages.

Moving Averages:
MA5: $77,603.1
MA10: $79,146.3
MA30: $81,652.1

Price is currently trading below all three MAs - MA5, MA10, and MA30. This is a bearish alignment. The average price level at $78,571.5 is now acting as resistance. To regain bullish momentum, BTC needs to reclaim $77,600 and then $79,100.

Data:

24h High: $78,860.7 / 24h Low: $76,700.7
24h Volume: 9.10K BTC / Turnover: $707.55M
BTC Perp: $76,825.1 (-1.48%)
Ranking: No.3 Hot / No.1 Layer1

Order Book: 31.36% Buy vs 68.64% Sell - sellers dominant in the short term.

Performance:
Today: +0.08% / 7D: -4.89% / 30D: -10.47%
90D: +18.53% / 180D: -3.80% / 1Y: -27.96%

BTC is in a correction phase within a larger range. Watching the $76,700 - $74,965 support zone closely.

Not financial advice.

#BTC #BTCUSDT #Crypto #TechnicalAnalysis
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Deniz14531
an hour ago
Can BTC reclaim $80K? 🤔
0
BambooCapital
an hour ago
Interesting angle 💡
0
BambooCapital
an hour ago
Can BTC reclaim $80K? 🤔
0
YinYang_Trader
an hour ago
Interesting angle 💡
0
ThisIsTranslateContent:
2 hours ago
Can BTC still get back to 80K? 🤔
0View Original
ThisIsTranslateContent:
2 hours ago
This is a good angle 💡
0View Original
User_any
2 hours ago
First Review
Interesting angle 💡
0