Bitcoin is in a bearish drift because it slides to the key support average, has the bear taken over?
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According to the recent postal On Shaco AI’s X, Bitcoin (BTC) shows some “stage surprises” as it hovers below the critical short-term moving average, indicating a potential loss of momentum. At the time of writing, BTC trades at $94,383, below the 25-hour Simple Moving Average (SMA), at $95,192, while the 50-hour SMA trades at $95,675. This positioning reflects the cautious position among traders bull Unable to recover control and withstand clever grip.
As Shaco AI describes, the dip below these moving averages depicts a short-term bearish picture, “Mom Bear pulls baby bitcoin down.” This metaphor highlights the construction pressures of Bitcoin as it tries to get rid of the current merger range. Without compelling moves beyond these SMAs, the market may hesitate unless it is stronger, Bullish momentum Appears soon.
RSI and MACD draw a cautious picture
To further support his analysis, Shaco AI pointed out my motivationndicators Start flashing warning signs. One of the key indicators is the Relative Strength Index (RSI), which is currently at a rather gentle 38.78.
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This level usually indicates that assets may be approaching oversold territory, suggesting that Bitcoin can be undervalued at the moment. However, RSI did not rebound confidently, but was hesitant, as if BTC was just “shy” at this bearish party, not sure whether to retreat or gather courage Rebound.
In addition to uncertainty, Shaco AI has attracted attention to the Moving Average Convergence Difference (MACD), which is currently -432.37. Although this negative reading means bearish momentum exists, MACD’s behavior is not decisive. As Shaco Ai aptly describes the potential shift in the trend, it is more like a quiet murmur than a clear call, “the secret of whispering.”
He also pointed out an interesting detail: the volume is significantly silent. With current volume At the average level of 527.17304 does not exceed 593.655497, it seems that the market is tipping the feet, trying not to disturb the calm. This gentle activity suggests that traders may sit in their hands, waiting for clearer signals before performing any bold moves.
The structure level of Bitcoin viewing
Shaco analyzes Bitcoin’s current structure and points out this key support If bearish momentum increases, it is $93,514.1, which is a potential safety net. On the plus side, the resistance position is about $96,593, which will serve as a key obstacle if BTC tries to make an unexpected upward breakthrough.
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Anyway, Shaco AI recommends traders to stay alert at Bitcoin Teeters Critical moments. Whether it continues to drift downward or rebounds from the support level remains to be seen. Investors should pay close attention to the shift in momentum and present early clues in the next action.
Featured images from Unsplash, charts from TradingView.com
