REDATOR Ben Graham Posted December 1, 2025 REDATOR Report Share Posted December 1, 2025 Bitcoin is trading around $89,034 below the 21 SMA, going through a strong technical correction after breaking the uptrend channel formed since November 19.Bitcoin could find good support around $87,500, which is where Murray's 2/8 level is located, which could serve as a good point to open long positions if the price resumes its upward cycle.If the bearish force prevails, Bitcoin has another key support around $86,000 - $85,000. In other words, if a technical rebound occurs around this area, we could open long positions.Since last week, Bitcoin has entered an overbought zone. So, we warned you about a probable correction below $93,000 towards $85,000. Bitcoin will likely complete its fall from that key support level in the coming hours. Then, we could expect a technical rebound.Our outlook remains bearish for Bitcoin as long as the price trades below the 21 SMA or below the uptrend channel around $91,400.The material has been provided by InstaForex Company - www.instaforex.com Visitante_0f6781c1 1 1 Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Liked! × 💬 Did you like this content? Your feedback is very important! Liked! Perfect! Thanks! Love it! Haha Confused :/ Oush! Wow! Quote Link to comment Share on other sites More sharing options...
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