$BTC Weekly Close: $90,630 đš Is the "Bear Trap" Set?
âBitcoin officially closed the week below the 50-week Moving Average for the first time since 2023. While some analysts are calling for a drop to $68,000, the bulls are fiercely defending the $90,000 floor.
âThe Outlook:
1. âBear Case: If $90K breaks, $81K and $74K are the next stops.
2. âBull Case: Historical data shows "Extreme Fear" (currently 25) often precedes a 10-15% relief pump.
3. âSentiment: Neutral to Bearish on the daily, but Bullish on the weekly.
âAre you DCA-ing at $90K or waiting for the $70K "flash crash"? đ