Bitcoin gats hold $105.7K support or e fit drop reach $95K
Matrixport dem analysis don show say di 21-week moving average wey be $105,696 na di main support level for Bitcoin. Bitcoin waka small between $114,000 and $115,000 for early August, plus di 50-day and 200-day moving averages still dey bullish. Recently, e fall under di 21-day moving average stop di short term rally. Winnin support dey at $112,000; if e break down, e fit push Bitcoin down 24–26% go $95,000 based on weekly RSI. But if e hold well above di 21-week moving average, e fit make rally start again go $119,000. Market feeling, wey Fear & Greed Index dey track, don shift back to greed. Big big things like Federal Reserve policy, possible spot Bitcoin ETFs, and global regulation go dey affect money movement. Traders suppose dey check these moving averages and key support levels sharply. Strong risk management with correct position sizing still dey very necessary.
Neutral
While Bitcoin 21-week moving average wey be $105,696 dey give strong support and e dey keep bullish bias as long as e hold, recent weakness under 21-day moving average and warning say e fit drop 24–26% dey show big risk for downside. The conditional outlook—e go be bullish if key supports hold, e go be bearish if dem break—dey create mixed market environment. For short term, traders fit see renewed buying around the 21-week moving average. But if e break $112,000 level, e fit trigger deeper corrections. Macro factors like Fed policy and spot ETF approvals still dey add more uncertainty. Overall, the news get both bullish and bearish signals, e make impact on Bitcoin trading sentiment and price direction neutral.