📊 Bitcoin ( $BTC ) is closing the month on a bearish note, with declining volume and technicals pointing to short-term weakness. The price has lost key support and dipped below the 200-day MA, triggering bearish sentiment.
📉 Despite this, BTC is flashing a hidden bullish divergence. Traders continue accumulating, indicating confidence in a rebound. Long-term holder supply is rising again — a potential signal of an upcoming supply squeeze.
🔁 The MACD and Bull Market Support Band (BMSB) suggest a bearish crossover ahead. BTC may test local support at $81,000. If bulls step in, a bounce to $83,000 is likely. If not, the price could fall further to $77,000.
💡 However, each dip might be a buying opportunity, as BTC still holds potential to break past the $90,000 resistance in the coming months.
⚠️ Disclaimer:
This post is for informational purposes only and does not constitute financial advice or endorsement.
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