Article 4 - (PTBR) Is the Bearish Bias Returning to the Market?

• Bearish momentum emerges: Despite attempts in recent weeks to consolidate a short-term uptrend, a new dominant selling bias has emerged, halting Bitcoin’s recent bullish momentum. If selling pressure persists, a more consistent downtrend could develop, with progressively lower highs appearing on the chart.

 

• RSI: The RSI has crossed below the neutral 50 level, indicating that the average of the last 14 sessions is trending bearish. If this downward path continues, selling pressure could intensify further.

 

• MACD: The MACD histogram remains close to the zero line, signaling indecision in short-term moving averages. Unless a clear direction emerges, BTC could remain in a neutral or uncertain pattern in the coming sessions.

 

Key Levels:

• 122,400 – Major Resistance: Represents the all-time high zone and the most important barrier for buyers. A sustained breakout above this level would confirm the continuation of the bullish trend seen in previous weeks.

 

• 113,100 – Nearby Barrier: Level where the 50-period simple moving average converges with the 23.6% Fibonacci retracement. As long as price holds here, BTC could consolidate within a short-term neutral range.

 

• 105,000 – Critical Support: Linked to the 38.2% Fibonacci retracement, this is the most important support level. A break below would open the door to deeper declines and confirm the formation of a more pronounced bearish trend.