Bitcoin is struggling to maintain upward momentum as macroeconomic pressures mount. After multiple failed attempts to break above the 200-day EMA, currently near $85,344, BTC has pulled back to $82,870. A flattening RSI and the narrowing gap between short-term moving averages suggest growing market indecision. Over the weekend, trading remained mostly flat, but Monday could bring increased volatility.
Investor sentiment is being weighed down by the looming threat of new U.S. trading tariffs, which could pressure global markets and risk assets. With Bitcoin often viewed as a speculative asset, escalating trade tensions might trigger capital outflows toward safer investments. If selling pressure intensifies, Bitcoin could lose the $82,000 support level, potentially slipping to $78,000. A further breakdown may push prices toward $72,000—a psychologically critical zone and a previous consolidation area. Such a move would mark a sharp 15% correction from current levels.
Trading volume also points to underlying weakness. Despite past surges, recent buying activity has lacked strong volume support, raising doubts about the strength of any near-term bounce. The Relative Strength Index (RSI) stands at 44, indicating room for another dip before hitting oversold territory.
As the market awaits clarity on geopolitical and economic developments, Bitcoin’s short-term outlook remains uncertain. Traders should closely watch the $82,000 support level, as a breach could signal deeper downside risk. With bearish momentum building, especially in the absence of solid volume, a retest of the $72,000 level cannot be ruled out. Caution is advised, as any sharp moves may occur quickly in response to external shocks.
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