Bitcoin
BearishArchived analysis from Sep 23, 2026, 1:30 PM
Key insight
Hold below 88,500 (200-day MA) signals distribution, not accumulation. Reclaiming that level flips bias; losing 82,000 opens a flush toward 76,500 Fibonacci support.
85,379 sits below the 90,000 round resistance and the 200-day MA near 88,500 — sellers have capped every bounce since the March 2026 peak, keeping BTC in a descending structure.
Main risk
USD Strength / Risk-Off Rotation
EUR/USD -0.4% and JPY +0.4% today signal broad dollar bid; BTC historically sheds 10-15% in sustained USD rallies.
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