BTC/USD Technical Analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
As recently observed, BTC/USD is continuing to experience  strong bearish momentum after a decisive breakdown below the 20-period SMA, which has now sloped downward to confirm short-to-medium-term seller control. Price action is actively testing a critical psychological floor around 61,415.0, with major horizontal support looming just below at 59,685.0 and previous support at 62,930.0 now flipping into immediate overhead resistance.



This structural weakness is heavily reinforced by the MACD (20, 60, 10), where the blue MACD line remains pinned below the green signal line, and an expanding negative red histogram indicates accelerating downside pressure. If buyers fail to defend the 59,685.0 zone on a daily closing basis, it risks opening the door for a deeper macro correction toward the 50,000.0 psychological handle, while any short-term relief rallies face heavy technical resistance at the declining moving average.
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