Technical Outlook: BTC Consolidates Above Key Support While Bearish Trend Persists
Bitcoin (BTC) is trading around $63.3K, holding above a key support zone after a recent pullback. Price remains below all major moving averages, indicating that the broader trend is still bearish, while short-term consolidation continues near support.
📈 EMA Structure
20 EMA: $63,895
50 EMA: $64,622
100 EMA: $67,142
200 EMA: $72,740
BTC is trading below the 20, 50, 100, and 200 EMA, confirming that sellers continue to control the higher-timeframe structure. Bulls need to reclaim the 20 EMA first to strengthen sh