# Bitcoin​

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#Bitcoin​
. Price Action & Trend
The Trend: The 1-hour chart shows a clear "lower high" and "lower low" pattern. The price has broken below all major Moving Averages (MA5, MA10, and MA30), which now act as overhead resistance.
Support/Resistance: * Immediate Support: The recent wick down to 70,108.1 is the current floor. If this fails, we might see a psychological test of the $70,000 level.
Immediate Resistance: The MA5 (70,715.4) and MA10 (70,885.9) are the first hurdles Bitcoin needs to clear to stabilize.
2. Moving Averages (MA)
The "Death Cross" (shorter MAs crossing below the longer MA30
BTC-3,09%
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