Bitcoin Faces Pressure as Sellers Push to $95,340 Key Level

Bitcoin Bulls Fight For Recovery

Bitcoin is under pressure as sellers push the price toward the $95,340 key level. After a strong offensive move last week, buyers failed to sustain momentum near the $100,000 resistance level, allowing sellers to regain control and drive the market lower.

Bitcoin Key Levels

Resistance Levels: $100,000, $102,500
Support Levels: $93,000, $90,000
Bitcoin has experienced a sharp reversal, with sellers pushing the price below the midline of the Bollinger Band indicator, indicating increasing bearish dominance. If selling pressure continues, the price could decline further, targeting the lower Bollinger Band near $93,000.

The MACD (Moving Average Convergence and Divergence) indicator currently remains neutral at mid-range but shows signs of growing seller influence. Buyers must act swiftly to defend critical support levels to prevent further declines. Should sellers maintain their momentum, Bitcoin may slip further, with $93,000 as the next support level. A breach below this zone could pave the way for a deeper decline toward $90,000.

If buyers regroup near the lower Bollinger Band, a rebound could push the price back toward the $97,000–$98,000 range, offering a chance for recovery. Traders should closely monitor the MACD and Bollinger Band indicators for clearer directional signals.

Market Expectation

In the shorter time frame, the MACD indicates that sellers are still in control, with bearish momentum spreading. The Bollinger Band reflects heightened volatility, suggesting the potential for extended price fluctuations.
If sellers maintain pressure, Bitcoin could test $94,500 in the medium term. Conversely, buyers must hold above $95,000 to avoid further losses and create an opportunity for recovery. Crypto signals may provide additional guidance for navigating the market during this period of heightened activity.

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