Thu, 23 Oct 2025 10:45:04 GMT
BTC technical analysis
BTC chart indicates a clear bearish trend. The price is moving within a well-defined descending channel, which is characterized by a consistent pattern of lower highs and lower lows.
This downward momentum is confirmed by the Simple Moving Averages. The price is trading significantly below the 100-period SMA, the red line, which is acting as a strong dynamic resistance level around