The Arweave/Bitcoin (ARBTC) market faced bearish pressure on September 20, 2025, with prices consolidating around 5.82e-05. A significant early morning sell-off led to a 1.14% drop, reaching a low of 5.74e-05. Despite a surge in volume during the sell-off, subsequent rebounds showed low trading activity, indicating weak follow-through.
Technical indicators highlighted the market's volatility. The RSI entered oversold territory, suggesting potential buying interest, while Bollinger Bands showed increased volatility with a slight price recovery to 5.83e-05. Key support levels at 5.79e-05 and 5.74e-05 were tested, and the MACD confirmed ongoing bearish momentum. The market's response to Fibonacci retracement levels at 5.86e-05 and 5.81e-05 will be crucial for future direction.
Arweave/Bitcoin Faces Bearish Pressure Amid Key Support Tests
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