BTC Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Price action remains capped by a clear long-term descending resistance that has rejected upside attempts since October, keeping the broader downtrend intact. Bitcoin recently bounced from a local low near 60000.00 and is now hovering around 69166.00, suggesting temporary support, but this move looks more like consolidation than a confirmed reversal. On the upside, resistance is heavy around 90000.00, where the 60-day SMA sits, with the psychological 100000.00 level looming above that, while on the downside the 55000.00 horizontal level stands out as a critical safety net if the current bounce fails.



The 60-day SMA is sloping downward and remains well above price at roughly 86614.00, reinforcing the bearish medium-term trend and likely acting as a strong cap on any relief rally. Momentum indicators tell a similar story: the MACD remains deep in negative territory, confirming bearish momentum, although the shrinking red histogram bars suggest selling pressure is starting to lose intensity. That said, there is still no bullish crossover between the MACD and signal lines, so a trend reversal signal is not yet in place.

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