Bitcoin Tests 200-Day MA Resistance as Bulls Stall Near 81K level

• Bitcoin faces strong resistance at its 200-day MA, with bulls needing a close above $83K for momentum.
• Price recovery to $81K is underway, but BTC still trades below key long-term trend indicators.
• Liquidation data shows heavier downside risk, though large buy orders near $82K signal demand support.

Bitcoin is testing a key resistance level near its 200-day moving average, a zone closely watched by traders. Analyst Daan Crypto Trades said in a post on X that the asset is facing rejection at this level. “$BTC Rejecting from the Daily 200MA/EMA region so far,” he wrote, adding that bulls need a daily close above it to maintain upward momentum.

The cryptocurrency is trading near $81,000 after rebounding from lows around $62,000. However, it remains below the 200-day moving average and the exponential moving average, which often signal long-term trend direction. Th…

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