The Bitcoin market continues to experience strong fluctuations.
A new report from the cryptocurrency analysis company MakroVision shows that Bitcoin is still in a phase of unpredictable volatility after the recent price drop.
The price has fallen below the threshold of 92,000 USD, indicating that investor sentiment lacks clear direction.
According to the assessment, selling pressure still dominates in the short term, preventing the market from forming a sustainable recovery trend.
The key technical zone determining the new trend
MakroVision notes that the 87,400 – 88,700 USD zone is playing a crucial role as a 'technical support cluster,' concentrating multiple Fibonacci levels from the prior decline.
Experts emphasize that price stability in this area is a prerequisite for forming a new recovery structure. If the price breaks below this zone, Bitcoin could continue to decline toward the 82,000 – 80,000 USD range, opening the risk of deeper losses.
Bullish scenario and signals to monitor
On the flip side, a bullish scenario is only triggered if Bitcoin remains stable above 91,700 USD.
MakroVision believes a signal reinforcing medium-term strength will only emerge when the price moves above the red downward trendline, considered the boundary confirming a new growth foundation.
The report concludes that until these key technical levels are overcome, the Bitcoin market will continue to face strong volatility waves and investors' cautious sentiment.