This content originally appeared on DEV Community and was authored by Sergi Mamedov
🔻 BTC Struggles Below $90K
Bitcoin has fallen 11% in the last week, trading near $85,985, a key resistance level. Bearish signals dominate, but short-term EMA lines show signs of a possible recovery.
🌫️ Ichimoku Cloud Signals Bearish Momentum
The Ichimoku Cloud remains red and widening, confirming downward pressure. BTC is trading below key trend indicators, and unless it breaks through resistance, bearish momentum could persist.
🐋 Whale Activity Declines
The number of Bitcoin whale addresses (holding 1,000+ BTC) has dropped from 2,054 to 2,042 in five days. This could signal short-term selling pressure, but whale interest remains historically strong, showing institutional confidence in BTC’s long-term value.
📊 Will BTC Recover Above $90K?
BTC must hold $85,985 to avoid a further drop to $82,000. A breakout above $93,000 could trigger a push toward $96,375, confirming a market rebound. Institutional adoption and ETF developments continue to support Bitcoin’s long-term trajectory.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
This content originally appeared on DEV Community and was authored by Sergi Mamedov
Sergi Mamedov | Sciencx (2025-02-27T19:46:57+00:00) 📉 $BTC Faces Key Support as Price Drops 11% in One Week 🚀. Retrieved from https://www.scien.cx/2025/02/27/%f0%9f%93%89-btc-faces-key-support-as-price-drops-11-in-one-week-%f0%9f%9a%80/
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