Bitcoin Update – Sell Pressure Rising

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Bitcoin is currently trading at $105,350, below the 50-day EMA, which shows signs of weakness. 

BTC Chart (Source Coingecko)

The market remains under pressure due to ongoing tensions in the Middle East, making crypto more volatile.

Key Technical Signals:

  • Support at $102,800 is holding for now
  • RSI is neutral, showing no clear strength
  • MACD is turning bearish, hinting at more downside

If Bitcoin breaks below $102,800, the next target is $100,000. If it drops under $100K, we could see a fall toward $90,000 or even $85,000.

Conclusion:

Bitcoin is at a key support level. Traders should watch the chart closely — if support fails, a bigger drop could follow.

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