The “Crosses Crosses” accumulates: Bitcoin is going to test its support to $ 92,000?

Bitcoin is again in a critical move. After weeks of consolidation in a narrow range, the leading technical indicators suggest a downward -down scenario that could shake the market. According to material indicators, several crosses of death have appeared on the BTC daily graphics, which is a signal generally associated with highlighting the sales pressure. This configuration is worried about traders, especially because the level of $ 92,000 could be tested as support. Should we expect a simple temporary correction or a more sustainable phase of decline?

A decreasing signal that accelerates

The last days have been marked by an increase in uncertainty among Bitcoin investors. Material indicators warned of the appearance of several deadly crosses to daily graphics, a phenomenon where a short -term mobile diameter passes under a long -term mobile diameter. This signal is generally interpreted as a warning of a prolonged decline. “We are witnessing the death of crossing the daily chart of Bitcoins, but we also see an increase in liquidity in the order of books, which could reduce volatility,” said “Shared Social Network analysis X (formerly Twitter) February 17th. 2025.

In the book Binance books, the levels of liquidity are identified as the main points of liquidity accumulation and $ 92,000. This concentration of interest of the offer could temporarily slow down the decline, but the market is still waiting for a clear signal that verifies or invalidated this support. Meanwhile, institutional investors seem to reduce their exhibition that recedes the market dominated by traders.

The market is waiting for catalysts

Despite the technical tension, some analysts accept a more measured posture. Keith Alan, Co -founder of Material Indicators, puts this potential correction to the perspective and explains that it could be a simple “shock”, temporary liquidation movement. “I’m not afraid of this drop.” On the contrary, I welcome it and I intend to strengthen my long -term position, ”he said on platform X 17 February this year. This vision contrasts with the concerns of other observers who remember that without a positive catalyst, Bitcoin may have evolved in an increased stage of volatility.

The absence of significant volumes and the closure of Wall Street emphasized this waiting time due to the President’s Day. QCP Capital, crypto business company, observes a significant decrease in volume and a decrease in volatility made to 36 %. For them, the option with options in the waiting position -a position is preferred to wait for specific macroeconomic signals rather than to respond to simple technical fluctuations. This caution clearly shows that despite lower signals, investors are still looking for a clear direction of bitcoins.

Bitcoin is currently playing the decisive part of the technical level. If the support identified itself at $ 95,000 and $ 92,000, the market could see an attractive entrance point for the new bull phase. On the other hand, a break under these thresholds could speed up correction and open the way to an even lower scenario. At present, the balance is based on the ability of buyers to prevent these levels and waits for a macroeconomic or institutional factor capable of restoring dynamics to the market.

Luc Jose A.

Graduate of Science after Toulouse and holder of Blockchain Consultant Certification, published by Alyrou, joined the adventure of Cointtribuni. The general public about this constantly evolving ecosystem. My goal is to allow everyone to better understand blockchain and take the opportunity they offer. I try to provide an objective analysis of messages every day, decrypt trends on the market, hand over the latest technological innovations and introduce the economic and social issues of this revolution.

Renunciation

The words and opinions expressed in this article are involved only by their author and should not be considered investment counseling. Do your own research before any investment decision.