It seems that Bitcoin will continue its decline toward its nearest support level today
Crypto-currencies
2025-12-19 05:17:10
[Bitcoin]
With the technical conditions indicating weakness in Bitcoin, then the potential for a decline which will occur in the near term is quite significant.
Key Levels
1. Resistance. 2 : 91545.30
2. Resistance. 1 : 88568.39
3. Pivot : 86518.22
4. Support. 1 : 83559.31
5. Support. 2 : 81491.14
Tactical Scenario:
Pressure Zone: If the price of Bitcoin breaks down below 86,518.22, it may continue its decline to 83,559.31.
Momentum Extension Bias: If 83,559.31 is broken, there is a possibility that Bitcoin will continue to decline to 81,491.14.
Invalidation Level / Bias Revision:
The downside bias is restrained if the price of Bitcoin strengthens and breaks above 91,545.30.
Technical Summary:
EMA(50) : 86363.09
EMA(200): 87282.03
RSI(14) : 59.70
Economic News Release Agenda:
Tonight from the United States, several economic data releases will be as follows:
US - Existing Home Sales - 22:00 WIB
US - Revised UoM Consumer Sentiment - 22:00 WIB
US - Revised UoM Inflation Expectations - 22:00 WIB
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