@arekkali
BTC Chart Update: Bearish Blues at 93K đ¨
Bitcoinâs dipping hard today, closing at $93,079 after a -1.22% slide in the last 24 hours. Volumeâs steady at ~12.9K BTC traded, but momentumâs fading fast. Weâre hugging the 30-day low of $92,891âyep, that supportâs testing our nervesâwhile the all-time high from last month at $116,500 feels like ancient history.
Technicals scream caution: Price is below the 7-day SMA ($97,389) and 21-day SMA ($103,464), confirming a bearish trend. RSI at 28.6? Classic oversold territoryâcould spark a bounce if buyers step up. But with macro headwinds (Fed whispers, election jitters lingering), watch for a break below $92K toward $85K support.
HODLers, this pullbackâs your dip-buy window? Or more pain ahead? Whatâs your play? Drop thoughts below! #BTC #CryptoChart #BitcoinAnalysis