Bitcoin weakens under pressure from the dollar. What’s next for crypto prices?

Cryptocurrencies have entered a more challenging phase and given back part of the gains seen after last week’s breakout, with Bitcoin trading back near $83,000 compared with around $87,000 last week. Unfortunately, demand in spot markets is still failing to keep pace with ETF buying and stronger activity in derivatives markets. A stronger US dollar and higher bond yields appear to be exerting only limited pressure on Bitcoin prices so far.

Bitcoin chart (D1 interval)

Looking at the chart, Bitcoin has already delivered two impressive bullish impulses and, although momentum has weakened, a return toward the $87,000–$90,000 area remains possible. The EMA200 and EMA50 have formed a “golden cross” for the first time since 2023. From a price action perspective, important resistance levels are located around $92,000 and $97,000, respectively.

Source: xStation5

Bitcoin buy pressure is returning, but the market is approaching a key inflection point

Bitcoin’s 90-day Buy/Sell Pressure Delta has rebounded sharply from negative territory and returned to a zone where buyers are beginning to regain the upper hand. BTC price has recovered alongside it, making the current signal look constructive. However, the indicator is still below the levels that historically accompanied the strongest phases of demand expansion.