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>>Bitcoin continues to linger in a precarious position as short‑term investors remain in the red

Bitcoin continues to linger in a precarious position as short‑term investors remain in the red

crypthub

1 day ago

Market Sentiment and Price Action

Bitcoin is battling to stay above $90,000 after a sharp rejection at the $94,000‑$95,000 resistance zone. Analysts are split, with some seeing a deeper correction and others viewing the pullback as a necessary reset. Volatility has risen as buyers and sellers vie for short‑term control, and the price sits below all major moving averages, reinforcing a bearish bias.

Short‑Term Holder Metrics

The Short‑Term Holder (STH) cost basis is near $100,200, keeping BTC under this key level and in a moderate risk zone. The STH MVRV indicator is around 0.92, indicating an average 8% unrealized loss for short‑term investors. This below‑breakeven state typically creates selling pressure that caps upside moves until the $100,000 zone is convincingly retaken.

Technical Outlook

The daily chart shows a failed breakout above $94,000‑$95,000, a sell‑off to $85,000, and a weak rebound to $90,000‑$91,000. Prices remain under the 200‑day and 365‑day SMAs, with lower highs signaling continued seller dominance. A decisive move above the resistance zone with strong volume is needed; otherwise, another drop toward $85,000 is likely.