#CryptoMarketWatch 🚨
Bitcoin (BTC) is currently in a phase of consolidation, hovering near key technical zones. Here’s what the charts are showing:
📉 Short-Term Weakness: BTC is below the 20-day MA, while 50-day & 100-day MAs act as resistance. The 200-day MA remains a key level yet to be reclaimed.
⚖️ Momentum & RSI: Both indicate indecision—BTC is neither overbought nor oversold, and MACD shows limited momentum.
🛡️ Support Levels: Critical support zones are holding, suggesting accumulation by long-term holders. A breakdown could trigger selling pressure.
🚧 Resistance Levels: Strong resis