Bitcoin Price Prediction. Breakdown Below EMA Cluster Puts $98,000 Support at Risk
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- Bitcoin loses its trendline and trades below all major EMAs, shifting momentum to sellers.
- Spot outflows exceed $57M in 24 hours, confirming distribution rather than accumulation.
- If BTC loses the $100,000–$98,000 support zone, downside targets move toward $92,000.
Bitcoin price today trades near $102,700 as sellers press against the psychological $100,000 support zone. The drop followed a decisive break below the daily trendline and a cluster of key EMAs between $108,000 and $112,000. Spot flows confirm distribution, not accumulation, with a net outflow of nearly $57 million in the past 24 hours.
Sellers Pressure Support After Trendline Breakdown
Bitcoin lost the rising trendline that guided the entire summer rally. The rejection began near $112,000, where the 20, 50 and 100 day EMAs converged. Each attempt to recla…
Read The Full Article Bitcoin Price Prediction. Breakdown Below EMA Cluster Puts $98,000 Support at Risk On Coin Edition.
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Bitcoin Price Prediction. Breakdown Below EMA Cluster Puts $98,000 Support at Risk
Share:
- Bitcoin loses its trendline and trades below all major EMAs, shifting momentum to sellers.
- Spot outflows exceed $57M in 24 hours, confirming distribution rather than accumulation.
- If BTC loses the $100,000–$98,000 support zone, downside targets move toward $92,000.
Bitcoin price today trades near $102,700 as sellers press against the psychological $100,000 support zone. The drop followed a decisive break below the daily trendline and a cluster of key EMAs between $108,000 and $112,000. Spot flows confirm distribution, not accumulation, with a net outflow of nearly $57 million in the past 24 hours.
Sellers Pressure Support After Trendline Breakdown
Bitcoin lost the rising trendline that guided the entire summer rally. The rejection began near $112,000, where the 20, 50 and 100 day EMAs converged. Each attempt to recla…
Read The Full Article Bitcoin Price Prediction. Breakdown Below EMA Cluster Puts $98,000 Support at Risk On Coin Edition.
In This News
Coins
Share:
In This News
Coins
Share:
Read More
Why is Cryptocurrency Market Down Today (DEC 11)?