BTC/USD Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
BTC/USD 4-hour chart, the overall sentiment is strongly bearish. The price is in a clear downtrend, consistently trading below the 60-period Simple Moving Average (SMA), which is acting as dynamic resistance. The most significant event is the recent, decisive break below the key support level at 109200.0. This breakdown signals a likely continuation of the sell-off, with the price now targeting the next major support levels, primarily the significant psychological level at 100000.0 and potentially 95000.0 after that.



The 109200.0 level that was previously support is now expected to act as the new resistance. This bearish momentum is confirmed by the Relative Strength Index (RSI) indicator, which is at a low reading of 32.2 and pointing sharply downwards, indicating that the selling pressure is strong and increasing, with no signs of a bullish reversal.
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