Bitcoin (BTCUSD) Shows Signs of Weakness as Sellers Maintain Control

BTCUSD shows signs of weakness as sellers maintain control below the falling trendline. BTCUSD remains below the falling trendline near $86,040, reinforcing downward pressure. The recent rejection at $85,010 highlights strong resistance, while the price is consolidating near the $83,830 level. The support area around $66,780 is a critical zone where buyers may attempt to regain control. Consistent lower highs and failing to breach the trendline suggest sellers remain dominant.

The market’s order flow will remain bearish if the price remains below the falling trendline. If BTCUSD fails to break above the falling trendline, further downside toward $66,780 is likely. A confirmed breakdown below this support could open the path toward $53,500, intensifying bearish sentiment. However, a clear break above $86,040 would invalidate the bearish outlook and may trigger a push toward $100,000. Until then, the overall market structure remains bearish, with sellers in control.

BTC Key Levels

Supply Levels: $100,000, $108,400, $115,000
Demand Levels: $85,010, $66,780, $53,500

What Are the Indicators Saying?

The 9-day SMA at $83,730 is acting as a dynamic resistance, preventing upward movement. The Stochastic indicator is currently around 60.61, indicating a neutral-to-bearish sentiment as it hovers below the overbought region. The price is struggling to maintain levels above the moving average, further supporting the bearish bias. If the Stochastic Oscillator crosses downward, it could signal increased bearish momentum.

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