BTC Blocked by May High and 50-Week Moving Average, Failing to Hold Above 83,000 Will Remain in a Bear Market
- Bitcoin is currently hovering around $79,000 and has posted a monthly gain of nearly 25%.
- BTC needs to hold above the 365-day moving average of approximately $83,000 to confirm a new bull market.
- The resistance zone is identified between $80,800 and $83,000, while strong buying is noted between $75,000 and $79,000.
- If BTC fails to hold above $83,000, a pullback to around $50,000 by November cannot be ruled out.
Bitcoin is experiencing significant price movement, currently oscillating around $79,000, marking its strongest August since 2017 with a monthly gain approaching 25%. Analysts indicate that for Bitcoin to confirm the onset of a new bull market, it must hold above the 365-day moving average, which is around $83,000.
Resistance is noted in the $80,800 to $83,000 range, where a substantial number of sell orders are concentrated. Conversely, the $75,000 to $79,000 area is identified as a strong buying zone. If Bitcoin can maintain a position above $80,000, it may continue to push towards the $83,000 mark.
However, if Bitcoin fails to hold above $83,000, it may face a pullback towards $50,000 by November. Analysts have cautioned that without a firm hold above this key resistance level, the market will remain in a bearish trend.
比特币受阻于5月高点和50周移动平均线，未能保持在83,000以上将继续处于熊市
比特币正在经历显著的价格波动，目前徘徊在79,000美元左右，这标志着其自2017年以来最强的八月，月涨幅接近25%。分析师指出，要确认比特币进入新的牛市，必须保持在约83,000美元的365日移动平均线之上。
阻力位在80,800至83,000美元区间，集中着大量卖单。相反，75,000至79,000美元区间被认为是强劲的买入区。如果比特币能够保持在80,000美元以上，可能会继续向83,000美元推进。
然而，如果比特币未能保持在83,000美元以上，可能会面临回调至50,000美元的风险，时间可能在11月。分析师警告称，如果无法稳固在这一关键阻力位之上，市场将继续处于熊市趋势。