Bitcoin Sellers Reclaim Edge as Price Slips Below Key Moving Averages
Bitcoin stalled near $79,837 and dropped back under both the 100- and 200-hour MAs, handing sellers short-term control heading into the weekend.
Bitcoin is sending a clear signal into the weekend: sellers are back in charge — at least for now. After bouncing off the lower range floor near $75,688–$76,229 earlier this week, the coin pushed toward the week's high around $80,500. It never made it. Price topped out at $79,837, rolled over, and is now sitting near $77,277 — below both the 100-hour moving average at $78,218 and the 200-hour moving average at $79,104. That's bearish positioning, plain and simple.
Here's the trade structure you need to understand. Bitcoin has been stuck in a defined range since August 21. The floor is $75,688–$76,229. The ceiling is $81,517–$82,281. Both sides have taken their shot this week — sellers at the bottom, buyers at the top — and both failed. That standoff keeps the bigger picture neutral, but the short-term tape belongs to the sellers as long as price stays under those moving averages.
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For sellers to really press their advantage, they need a sustained breakdown below $76,229, and ultimately $75,688. That's where dip buyers live. Break that zone convincingly and you could see a flush as those buyers bail and momentum traders pile on the short side. Until then, sellers have the lean but not the knockout punch.
Buyers have a clear roadmap back in: first, reclaim $78,218 (100-hour MA). Then target $79,104 (200-hour MA). Getting above both and holding opens the door to $80,000 and the week's high. Trade between those two MAs and you're basically in no-man's land, waiting for a catalyst.
Don't ignore the weekend risk factor. Liquidity thins out once traditional markets close Friday, meaning smaller orders can punch above their weight on price movement. Chasing a weekend breakout in either direction without confirmation is a low-probability bet. Watch those moving averages as your guide. Continue reading at Forexlive.
