Physical Address
304 North Cardinal St.
Dorchester Center, MA 02124
Bitcoin is trading near $95,000 after a steady pullback erased recent gains and pushed the crypto king toward a crucial psychological level.
The market is now waiting for investors to take the next decisive step, the one that could determine whether BTC recovers or continues its downward trajectory in the coming days.
Bitcoin’s leverage has been declining for weeks, creating a clear bearish divergence with the Stochastic RSI. Now the leverage is 59.37%, from 65.71% in June. At the same time, the Stoch RSI recorded a bearish crossover as the D line moved above the K line, indicating a change in market strength.
Sponsored
Sponsored
This divergence, with the RSI entering previous overbought territory, indicates a decline in bullish momentum. Historically, these conditions are often preceded by price reversals or notable corrections. As leverage ebbs and flows, traders face increasing uncertainty over… Bitcoin capacity To maintain support at current levels.
Bitcoin’s MVRV Z-Score has fallen to its lowest level in 14 months, indicating that the asset is undervalued at historical values. This measure is evaluated when Bitcoin is trading Above or below its fair value. Currently, the indicator suggests that BTC is in an undervalued zone, which has often marked key rally phases.
When the MVRV Z-Score reaches similar lows, long-term investors begin to speculate. This behavior supports the price recovery as new demand enters the market. If speculation increases to current levels, Bitcoin could gain the momentum needed to stabilize and reverse its recent downward trend.
Bitcoin is trading at $95,040, hovering around a crucial psychological level. The report said What BTC It has declined after breaking the head and shoulders pattern last week. This collapse increased bearish expectations.
The head and shoulders pattern indicates a decline of 13.6%, which puts the target at $89,407. If investors remain bearish, Bitcoin may slide towards $90,000 and eventually reach the expected target. Control declines and bearish crossovers strengthen the case for this bearish trend.
However, if investors step in and collect Bitcoin at undervalued levels, Bitcoin can pay back About $100,000. A successful reversal will invalidate the bearish thesis and trigger a reversal which in turn will push the price closer to $105,000. This move will also invalidate the head and shoulders pattern.
