Bitcoin, Ethereum, XRP, and Dogecoin Recover Losses Amid Ongoing Extreme Fear
Market Recovery: Bitcoin regained ground above $84,000 after a week of declines, while Ethereum traded at $2,774, despite the market remaining in extreme fear following a $1.85 billion liquidation event affecting over 360,000 traders.
Liquidation Impact: The recent liquidation event highlighted significant market volatility, with major cryptocurrencies experiencing steep losses, particularly those focused on privacy features like Dash and Zcash.
Technical Analysis: Analysts noted Bitcoin's pullback below the $93,000 Four-Year Cycle threshold as unusually deep, with historical patterns suggesting potential for a positive annual performance before a cooling phase in 2026.
Trader Sentiment: Market participants expressed caution, with mixed trading volumes and skepticism about whether current price levels represent a sustainable bottom, as the Fear and Greed Index remained in extreme fear territory.
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Technical Analysis for BTC
Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 2 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Bitcoin (BTC) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 58244.332 | 62802.496 | 66883.672 | 71441.836 | 75523.012 | 80081.176 | 84162.352 |
| Fibonacci | 62802.496 | 66102.724 | 68141.608 | 71441.836 | 74742.064 | 76780.948 | 80081.176 |
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