Bitcoin Sellers Gain Control as Buyers Struggle

Bitcoin (BTCUSD) Buyers Fail to Launch Solid Attack

Bitcoin sellers are gaining control as buyers struggle. Bitcoin has slipped lower again, as buyers lose momentum following repeated rejections at the $107,770 resistance level. The crypto market is showing renewed selling pressure, with BTC now trading near the $96,000 zone.

Bitcoin Key Levels:

Resistance Levels: $100,000, $107,770
Support Levels: $96,000, $92,500
If sellers maintain control, Bitcoin could see further downside movement, but a failure to push lower might allow buyers to stage a comeback. The market currently sits at a critical turning point, where a decisive move in either direction could set the tone for the next major trend. Traders can use crypto signals to help navigate these market conditions.

The Parabolic SAR is confirming a downward trend, signaling that sellers remain dominant. The RSI is tilting downward, reflecting a growing bearish sentiment in the market. If BTC falls below $96,000, the next major support level to watch is $92,500.

If buyers fail to hold this zone, Bitcoin could extend its decline toward lower support levels, but a rebound could push the price back toward $100,000 and beyond. If sellers push below $96,000, expect BTC to slide further toward the $92,500 key level. A move back above $100,000 could shift momentum back in favor of buyers.

Market Expectation

On shorter time frames, Bitcoin is slipping lower. The Parabolic SAR is showing continued bearish pressure. The RSI is dipping further, indicating that sellers are still in control.
If BTC fails to reclaim $100,000 soon, a drop toward $92,500 could be imminent. Bitcoin needs strong buying momentum to break the current bearish cycle, but until then, sellers are likely to keep control.

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