Bitcoin price prediction: BTC falls to a minimum of 8 weeks: is it a new $ 90K level test?

The price of Bitcoin today is $ 108,532, with a 24 -hour negotiation volume of $ 74.29 billion. BTC has dropped 1.20% on the last day, leaving its market capitalization by $ 2.16 billion. With a circulating supply of 19.91 million BTC, merchants weigh if the current weakness indicates deeper losses or prepares the stage for a rebound.

Bitcoin (BTC/USD) stuck on the descending channel

Bitcoin’s pricing prediction remains low since BTC cannot escape the bearish trend and is quoted inside a well -defined descending channel in the 2 -hour table.

At $ 108,594, the lower limit of the channel is being tested, and the simple mobile average of 50 periods (SMA) at $ 110,787 serves as the roof until buyers can claim this level. Until then, the impulse is bassist.

The rejection of $ 113,500 last week caused three bearish candles and the early stages of a “3 black crows” pattern, which is a well established signal of sustained sale. Impulse indicators agree.

• RSI: 38, not yet oversized.
• MACD: Deep and wide, many sales.

Bitcoin key levels operators are looking

The next Bitcoin movements depend on how it behaves around the immediate support and resistance areas. A short-term rebound is possible towards $ 110,000, but the 50-SMA could limit any rebound. If this barrier is not eliminated, risk renewed pressure.

Critical levels in the table include:

• Immediate resistance: $ 110,787 (50-SMA) and $ 111,350.
• Support levels: $ 107,335 as the first line of defense, followed by $ 105,150 and $ 103,350.
• Alcista trigger: A bullish wrapping candle above $ 111,350 could cause a recovery at $ 115,700.

For now, the TrainingView route suggests that Bitcoin can remain trapped in a corrective channel, oscillating between $ 107,000 and $ 112,000 until a break occurs.

Broader outlook and trade configuration

Despite short -term weakness, Bitcoin is still above key psychological levels such as $ 100,000, so the largest trend is still intact. Corrections of this size are often consolidation before larger movements.

For merchants, the play book is simple:

• Batter scenario: Sell ​​demonstrations below 50-SMA with stops greater than $ 112,000, pointing at $ 105,150– $ 103,350.
• Alcista scenario: Enter long above $ 111,350 with upward objectives at $ 115,700 and $ 118,000.

In the long term, the Bitcoin structure still supports the possibility of a thrust towards $ 130,000 once the macro conditions and the yield of capital flows improve. While the market is currently inclined towards sellers, falls in strong support areas can offer opportunities for strategic accumulation for those who bet on the next bitcoin upward cycle.

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Bitcoin after prices prediction: BTC falls to a minimum of 8 weeks: is it a new test of the next $ 90K level? It appeared first in Cryptonews.