$BTC Bitcoin Aiming for Support $80,000🎯🎯🎯

Bitcoin is trading lower amid bearish technical signals, reflecting a risk-off sentiment across the crypto market. This leading cryptocurrency is hovering well below the 50-day Exponential Moving Average (EMA) at $90,730, the 100-day EMA at $94,287, and the 200-day EMA at $98,155, maintaining bearish momentum.

Selling pressure is unlikely to ease as the Moving Average Convergence Divergence (MACD) remains below its signal line on the daily chart, which will prompt investors to reduce their exposure.

The Relative Strength Index (RSI) at 31 on the daily chart is poised to extend into oversold territory, confirming the bearish thesis. However, if sentiment improves and buyers step in to buy the dip, a reversal could push Bitcoin above the support turning into resistance at $84,450

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