BTCUSD Extends Sideways Amid Market Uncertainty

BTCUSD (Bitcoin) Continues Sideways Trading

BTCUSD remains locked in a sideways movement as market uncertainty prevails. After reaching a high of $107,000, the market has pulled back toward the $98,000 support level. Traders are closely monitoring price reactions in the coming days to anticipate the next directional move.

Bitcoin Key Levels

Resistance Levels: $107,000, $115,000
Support Levels: $98,000, $90,000
Bitcoin’s bullish rally has stalled after months of strong upward momentum, with last week witnessing a notable pullback. The price retreated from its recent high of $107,000 and is now approaching the $98,000 support level. While the bulls are attempting to regain control, increasing seller activity is creating downward pressure on the market.

The Moving Average Crossing indicator hints at a potential market reversal, with a golden cross pointing to stronger bearish momentum if confirmed. Additionally, the MACD (Moving Average Convergence and Divergence) indicator is declining, signaling weakening control from buyers. These developments suggest that further consolidation or a bearish move is possible if buyers fail to reassert dominance.

Should sellers gain the upper hand, Bitcoin could experience a deeper decline, testing the $98,000 support level. A break below this point may open the path to a pullback toward $90,000. Conversely, if buyers regain momentum, the price could recover and aim for the $107,000 resistance level, with $115,000 as the next target.

Market Expectation

On the 4-hour chart, sellers appear to be setting the stage for a deeper push, with Bitcoin trading near critical support levels. The Moving Average Crossing suggests increasing bearish momentum, while the MACD points to a continued decline.
If bearish pressure intensifies, the price could slide further toward $95,000 in the medium term. However, a strong buyer reaction at the current level could lead to a rebound, potentially driving the price back toward $102,000. Crypto signals indicate that market participants remain divided, awaiting clearer cues for the next significant move.

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