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Bitcoin is currently priced at approximately $87,450, reflecting a decline of about 1.2% in the last 24 hours, with daily trading volume around $42.5 billion. Despite this decrease, BTC continues to be the leading cryptocurrency, boasting a market capitalization of about $1.75 trillion and a circulating supply of just under 20 million coins, nearing its maximum limit of 21 million.
The overall market sentiment has weakened. The Crypto Fear and Greed Index is positioned at 29, firmly within the “fear” zone, while the Altcoin Season Index stands at 17, indicating a distinctly Bitcoin-centric phase. The total cryptocurrency market capitalization is approximately $2.96 trillion, implying that capital is consolidating rather than exiting the asset class entirely.
Bitcoin (BTC/USD) Technical Analysis: Consolidation, Not Breakdown
On the 4-hour chart, the outlook for Bitcoin appears bearish as BTC continues to operate within a descending channel that emerged following the rejection near $94,200 earlier this month. Notably, the downside movement has been constrained. Each attempt toward the $84,500–$85,000 range has drawn in buyers, resulting in higher lows within the channel.
The price is currently caught between the 50-EMA near $88,200 and the 100-EMA around $88,850, a compression that frequently precedes a directional shift.
Recent candlestick patterns exhibit small bodies and spinning tops, indicating equilibrium rather than panic selling. Momentum indicators support this pause, with the RSI near 44 and displaying early signs of bullish divergence.
Bitcoin Price Chart – Source: Tradingview
Bitcoin Outlook: What Could Come Next
From a pattern perspective, the structure resembles a falling flag, a configuration that typically resolves upward if support is maintained. A slight dip toward $85,000 followed by a breakout above $90,500 would shift momentum back in favor of the bulls. Such a movement could reopen the pathway toward $94,200, with $98,000 emerging as a potential target if confidence is restored.
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At present, Bitcoin is consolidating rather than distributing. As long as $84,500 holds, the market appears to be preparing for its next move rather than anticipating a deeper decline. During such phases, patience often proves beneficial, particularly as sentiment resets and longer-term opportunities begin to materialize.
PEPENODE: A Mine-to-Earn Meme Coin Nearing Presale Close
PEPENODE is gaining traction as a next-generation meme coin that merges viral culture with interactive gameplay. With over $2.38 million raised and the presale nearing its cap, interest is rapidly increasing as the countdown approaches its final phase.
What distinguishes PEPENODE is its mine-to-earn virtual ecosystem. Rather than passive holding, users can construct digital server rooms utilizing Miner Nodes and facilities, earning simulated rewards through a visual dashboard. This concept introduces gamification and competition into the meme coin arena, providing holders with activities to engage in prior to launch.
The project also features presale staking, enabling early participants to earn enhanced rewards ahead of the token generation event. Leaderboards and bonus incentives are planned for post-launch to maintain high levels of engagement.
With 1 $PEPENODE priced at $0.0012064 and limited allocation remaining, the presale is entering its final opportunity window for early investors.
Click Here to Participate in the Presale
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