Bitcoin is showing signs of increasing selling pressure after facing strong rejection near the recent highs. The chart highlights a possible bearish reversal, with price struggling to maintain momentum above the key resistance area. The recent upward move appears to be losing strength as sellers return to the market. 📊
The technical structure also suggests a potential breakdown from the current range. A rejection from the upper trend line and resistance zone could trigger a stronger downward move. The marked projection indicates that Bitcoin may revisit lower support levels if bearish momentum continues.
🎯 Major Target: 62,452
A sustained decline below the current structure could increase selling pressure and push BTC/USD toward the 62,452 target. Traders should closely monitor price action and key support levels for confirmation.
Overall, the chart favors a bearish outlook, with a potential downside move toward the marked target if sellers remain in control. 🔻🔥
If you found this analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬!
The technical structure also suggests a potential breakdown from the current range. A rejection from the upper trend line and resistance zone could trigger a stronger downward move. The marked projection indicates that Bitcoin may revisit lower support levels if bearish momentum continues.
🎯 Major Target: 62,452
A sustained decline below the current structure could increase selling pressure and push BTC/USD toward the 62,452 target. Traders should closely monitor price action and key support levels for confirmation.
Overall, the chart favors a bearish outlook, with a potential downside move toward the marked target if sellers remain in control. 🔻🔥
If you found this analysis helpful, don’t forget to LIKE 👍 and COMMENT 💬!
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Join telegram channel free.
t.me/+3xfHIZ_ruzhhM2Y0
Forex, Gold & Crypto Signals with
detailed analysis & get consistent
results.
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Gold Signal's with proper TP& SL for
high profit opportunities
t.me/+3xfHIZ_ruzhhM2Y0
Forex, Gold & Crypto Signals with
detailed analysis & get consistent
results.
t.me/Trade_withlinda98
Gold Signal's with proper TP& SL for
high profit opportunities
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.