#BitcoinPriceWatch

$BTC BTC: Reversal or drop below $89k? Analysis of charts and indicators

📉Hello everyone! BTC is currently at a key point, and everyone is asking one question: is this a local upward reversal or just a pause before the assault on the important support around $89k?

Let's analyze based on the current data price ~ $93,416(.

Arguments FOR the turnaround and growth:

1. Support at the lower Bollinger Band: The price is nearly at its LB )Lower Band( at $90,373. This is a dynamic support level from which assets often bounce. Show me the bounce — and we'll have the first target at the Bollinger Midline )$94,060(, and the next one at the upper )$97,746(.
2. The RSI shows signs of seller exhaustion: Although RSI)12( = 44.9 and RSI)24( = 41.0 are in the bearish zone, they are not in oversold territory )<30(. However, RSI)6( = 55.4 has already turned upward and crossed 50 — this is an early positive signal on short-term timeframes indicating a return of buying momentum.
3. Volumes: The current volume )$1.45B( is slightly above the average )MA5: $2.02B(, indicating a lack of panic selling. For a confident reversal, we need to see an increase in volume on green candles.

Arguments AGAINST the reversal )threat of falling below $89k(:

1. Bearish MACD: The MACD indicator is in the negative zone, and both of its lines )DIF and DEA( continue to decline. This is the main technical argument for the ongoing downward momentum. Until the MACD moves to bullish levels, the global trend is in question.
2. Critical support: The most important line of defense for the bulls is the lower Bollinger band at $90,373. A confident breakout with volume will pave the way for testing the $89,000 level and below.
3. Resistance overhead: Before discussing a reversal, BTC needs to overcome the resistance of the Bollinger middle line )$94,060( and the 24-hour high. As long as the price is below them, the path of least resistance is down.

Conclusion and scenarios:

· Optimistic scenario )turnaround(: Holding the level of $90,370, forming a bullish candle with increasing volume and the DIF MACD line crossing above the DEA line. Targets: $94,060 → $97,750.
· Pessimistic scenario ) drop (: Break below $90,370 with a close below. This activates a scenario for further correction to $89,000 and possibly deeper.

What to do? The market is currently in uncertainty. Key zones to watch:

· Support: $90,370
· Resistance: $94,060

The conflict between the rising RSI)6( and the bearish MACD indicates a struggle between bulls and bears. We are waiting for a clear breakout of one of these levels with volume to understand the next target.

⚠️IMPORTANT: This is not an investment recommendation! Always conduct your own analysis and manage risks.