Key Takeaways
- Bitcoin (BTC) lost 10.66% this week following the Strategic Bitcoin Reserve announcement.
- BTC price hovers near lower Bollinger Band at $80,411, signaling downside risk.
- Short-term target: Potential 4% drop if BTC remains below $90,200.
- Long-term target: 12.3% drop to $73,000 if bearish momentum continues.
BTC Struggles After Disappointing Reserve Announcement
\ud83d\udcc9 What Happened?
- The Strategic Bitcoin Reserve failed to provide market support.
- BTC lost 10.66% over the week, now trading near key support levels.
- Investors were expecting a stronger commitment from the U.S. government, but the lack of fresh purchases dampened sentiment.
\ud83d\udca1 What’s Next for Bitcoin?
- Volatility remains high, with technical indicators signaling further downside.
- Traders closely watching $80,411, a key level that, if broken, could lead to more losses.
Bollinger Bands Indicate Further Downside Risk
\ud83d\udcca Short-Term Outlook (Daily Chart)
- BTC is trapped between the middle and lower Bollinger Bands.
- Lower band at $80,411—BTC must hold above this to avoid a 4% drop.
- Middle band at $90,200—a breakout above this would invalidate bearish momentum.
\u26a0\ufe0f Likelihood of a Short-Term Rally?
- An 8% surge above $90,200 in a few hours is unlikely, making BTC vulnerable to more losses.
\ud83d\udcca Medium-Term Outlook (Weekly Chart)
- The weekly Bollinger Bands show a bearish setup, with the lower band at $73,000.
- If BTC continues trading in this range, it could decline another 12.3% in the coming weeks.
Market Sentiment & Economic Indicators
\ud83d\uded1 Bearish Signals:
- Regulatory uncertainty still weighs on crypto markets.
- U.S. economic weakness adds to market-wide risk aversion.
- BTC dominance declining, signaling capital rotation out of crypto.
\ud83d\udcc8 Bullish Hope?
- If BTC breaks above $90,200, bullish momentum could return.
- Macroeconomic tailwinds (such as Fed policy shifts) could drive a reversal.
Track BTC Market Trends
Final Thoughts
BTC is at a critical juncture—if it fails to reclaim $90,200, a drop to $73,000 becomes increasingly likely. Traders should watch price action closely and monitor macro and regulatory developments for potential trend shifts.
