Bitcoin's recovery rally has stalled, with the $86,000 mark acting as a key resistance point. Momentum indicators suggest a potential bearish shift as the 50- and 100-hour simple moving averages (SMAs) are poised for a bearish crossover. If Bitcoin's price falls below the $83,000 support, it may trigger a sell-off towards recent lows of approximately $75,000. The failure of bulls to maintain prices above $86,000 raises concerns for further declines. The daily MACD histogram shows a loss of upward momentum, adding to the bearish sentiment. Analysts are watching for a UTC close above $86,000 to confirm a continuation of the recovery rally, while caution prevails among bulls regarding a potential market downturn.

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