Bitcoin under pressure: Price analysis indicates a possible decrease of up to $ 71,000, while Cramer's warning polarizes

<p> <strong> Bitcoin under pressure: Price analysis indicates a possible decrease of up to $ 71,000, while Cramer's warning polarizes </strong> </p>

Bitcoin price analysis: Current developments and forecasts

Current Bitcoin price: $ 83,000 $

The Bitcoin price is currently $ 83,000. However, there are warning signals for a possible decline between 4 and 13 %, since sales pressure on the market increases. A technical analysis suggests that a declining crossover could press the Bitcoin course up to $ 71,000.

market conditions and technical indicators

In the last 24 hours, the Bitcoin price has increased by 1.3 %, with the trading volume increased by 93 % to $ 28.6 billion. This increase takes place at a time when Jim Cramer, moderator at CNBC, forecast a negative view of the stock market. This negative mood can also have an impact on the cryptoma market.

The markets were able to recover at short notice, but the technical data for Bitcoin are weak. The course is within a falling channel and struggles to overcome important resistance brands, especially the simple, sliding 50-day average at $ 88,200 and the 200-day average at $ 86,100.

threatening cross and possible price targets

A central worrying sign is the impending formation of a “death cross”, in which the 50-day average crosses the 200-day average from top to bottom. Such a signal could also put the BTC price under pressure. In the event of a decline, short-term support could be $ 78,000. With a greater decline, a value of $ 71,000, which corresponds to a decline of around 13 %, would be possible.

The relative strength index (RSI) is currently 43.60, which indicates a slightly declining momentum. The increasing volume in a declining market indicates that many retailers could increase their short positions.

Cramer's influence on the market

cramer's pessimistic assessment has often led to a market movement in the opposite direction. At the end of the trading day, the S&P 500 rose by 120 points, which could make some Bitcoin investors optimistic. The so-called "inverse Cramer" effect is also evident this time, since investors see its pessimistic statements as a purchase signal.

Despite this short -term wave of optimism, the technical outlook for Bitcoin remains worrying. The breakthrough under the $ 80,000 brand could signal another declining momentum. In view of falling global money quantities in the past two weeks, the pressure on Bitcoin could continue to increase.

FAZIT

The Bitcoin market is in a critical phase. While some investors are inspired by Cramer's warnings to buy Bitcoin, you should be aware that the technical view remains fragile. However, Bitcoin could continue to rise if the recovery of the S&P 500 was continued. Investors have to carefully weigh the warnings and market reactions to make well -founded decisions.