🔵Last week, Bitcoin (BTC) faced significant pressure, dropping below $90,000 for the first time since November 2024. Over the past seven days, BTC has lost 11% and is now trading below the key level of $85,985.
🔵The Ichimoku Cloud confirms a bearish trend: the red Kumo sits above the price, while the Tenkan and Kijun lines indicate downward momentum. Additionally, the number of large BTC holders has declined, increasing selling pressure.
🔵However, short-term EMAs are beginning to signal a possible reversal. If Bitcoin breaks above $85,985, it could test $93,000 and aim for $96,375, signaling the market’s readiness for a potential upward move.