Bitcoin is about to close the monthly trade on a bearish note that can hinder the progress of the rally. It has become technically bearish, while the trading activity has also fallen considerably, so that the Bearish claim is substantiated. However, the Sterrentoken flashes a large hidden bullish divergence and is therefore supposed to return and rise as soon as they are validated. That is why each drop can be considered as a good buying, because the BTC price is reached to rise above the large resistance to $ 90,000.
The BTC price could not keep important support that has activated an enormous bearish activity. Moreover, the bulls consistently did not succeed in lifting the rally above the rising resistance, so that the Bearish claim is substantiated. In the meantime, traders seem to remain confident about the future of the BTC price while they continue to accumulate, regardless of the persistent trend.
The above graph of the stock of long -term holder suggests that it has been restored and started to rise. That is why this indicates that traders become optimistic and therefore continue to keep BTC despite the growing bearish influence on the token. This also suggests the chance of a potential offer. In the meantime, the BTC price is confronted in the short term with a huge upward pressure, which suggests more accumulation on the horizon.
As can be seen in the graph above, the BTC price dropped below the 200-day MA after losing the rising trend line it had held since September 2024. By the way, the volume has constantly fallen, which made the technical bearish. The Bull Market Support Band (BMSB) and MACD are on their way to a bearish crossover. That is why the current trade setup suggests that the Bitcoin price can test local support nearly $ 81,000. If the bulls succeed in activating a rebound, an increase of more than $ 83,000 could be possible; Otherwise, a drop below $ 77,000 seems to be on hands.