This is a daily analysis of the Coendesk analyst and rented market technician Omkar Godbole.
Bitcoin He has violated the key support levels in a growing bearish impulse sign that suggests a risk of a slide at $ 100,000.
The leading market for market value fell 6.5% in August, finishing the four -month winning streak as the funds quoted in points exchange in the United States (ETF) It excessive $ 751 million, according to the Sosovalue data source.
The recent price drop saw Bitcoin Ruptar below several key support levels, including the Ichimoku cloud and simple 50 -day and 100 -day mobile averages (SMA). He also drilled crucial horizontal support areas formed by the maximum of May, $ 111,965 and the maximum of December, $ 109,364, according to the daily table obtained from TrainingView.
These breakdowns underline the weak market weak (GMMA) and the MACD histogram.
The short -term exponential mobile average (EMA) gmma band (green) has crossed below the long -term band (red)pointing to a clear change of bassist impulse. Meanwhile, the weekly MACD histogram has fallen below zero, indicating a transition from a bullish trend to a bearish trend.
Together, these signals indicate a probability of a sustained mass sale, which can reduce the price to the simple 200 -day mobile average (SMA) At $ 101,366, and possibly to the $ 100,000 mark.
The negative technical perspective is aligned with seasonal trends, which are historically shown as a bearish month for Bitcoin. Since 2013, BTC has delivered an average yield of -3.49%, closing lower in eight of the last 12 months of September, according to Coinglass data.
As for bulls, overcoming the maximum of $ 113,510 established on August 28 is crucial to deny the bassist perspective.
- Support: $ 105,240 (38.2% fib setback of the April Rally)$ 101,366 (The 200 -day SMA)$ 100,000.
- Endurance: $ 110,756 (The lower end of the Ichimoku cloud)$ 113,510 (The highest)$ 115,938 (The 50 -day SMA).
