Bitcoin Stalls: Weak Momentum Puts $85,211 Recovery In Doubt

Bitcoin is currently attempting to bounce back from its recent dip to $85,211, but the lack of strong momentum is causing doubts about the sustainability of the recovery. Technical indicators suggest that bullish strength is fragile, raising concerns about whether BTC can maintain its rebound or face another pullback.

With key resistance levels ahead and uncertain market sentiment, Bitcoin’s next move remains unpredictable. If buyers fail to build enough momentum, BTC could struggle to push higher and face renewed selling pressure.

Bitcoin Tries To Bounce Back

Bitcoin’s price action shows that bulls are trying to rebound from the $85,211 support level after facing strong bearish pressure. However, technical indicators indicate weak bullish momentum and the price remains below the 100-day SMA, signaling bearish dominance.

The MACD line and signal line are also trending lower, suggesting a potential decline in bullish momentum. A bearish crossover could signal a shift in trend favoring the bears, indicating a lack of strong buying pressure for a meaningful recovery.

If bulls defend the $85,211 support level, Bitcoin could rally towards the $93,257 resistance level. A break above this level could lead to a stronger bullish push towards $100,000, restoring market confidence. However, failure to gain momentum could result in a drop below $85,211 and further losses towards lower support levels.

Potential Scenarios: Rebound Or Another Leg Down?

If bulls defend the $85,211 support level, Bitcoin could rally towards $93,257 and potentially $100,000. However, failure to gain momentum could lead to a drop below $85,211 and further losses towards lower support levels.