Dec 3, 2025
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Bitcoin Faces Vulnerable Technical Environment Amid Key Resistance Levels
Bitcoin (BTC) experienced a nearly 10% drop, testing the $84,000 area before rebounding. This move signals potential early bear market conditions.
Key Weekly Range
- Last week's recovery saw BTC surge from $80,600 to $93,000, but it corrected back to range lows.
- Analyst Rekt Capital notes BTC stabilizes above the $82,000 range low, crucial for future price action.
- BTC trades below a declining Macro Downtrend, acting as resistance during this cycle phase.
- A breakout would require reclaiming higher levels, while further downside wicking into the cluster is possible.
Vulnerable Technical Environment
- BTC remains below the 21-Week and 50-Week EMAs, narrowing their distance, indicating potential downside.
- Compression and crossover of these EMAs typically precede further declines.
- Rekt Capital highlights the convergence of EMAs towards the Macro Downtrend as a significant resistance zone.
- Bitcoin must turn one EMA into support to avoid broader bearish continuation seen in previous cycles.
Currently, BTC trades at $88,294, marking a 2.3% daily increase.
