Bitcoin’s market correction
Bitcoin experienced a pullback at the time of the press, traded at $ 86,047 and reflected a daily decrease of 0.25%.
The correction followed the rejection of BTC on the $ 92,000, with a series of lower highlights that indicate the weakening of Bullish Momentum.
The RSI was 40.54 at the time of the press, floating in the vicinity of over -selling territory – which suggests that increased bearish pressure but also a possible reversing zone.
Source: TradingView
In the meantime, the OBV fell, which indicates reduced purchasing pressure and the fading of investor confidence. If BTC has no current support, further down to the range of $ 80,000 $ 82,000 is possible.
Nevertheless, historical price cycles suggest that corrections often mark accumulation zones at this stage before a stronger upward trend is resumed.
