Bitcoin has broken down from the rising channel and lost key support near $88–90K.
Strong bearish candle confirms downside momentum
Price now trading around $78.7K
Structure turns weak below the channel
As long as BTC stays below the broken support, pullbacks may face resistance and downside risk remains.
A reclaim back inside the channel would be needed to shift bias bullish again.
Strong bearish candle confirms downside momentum
Price now trading around $78.7K
Structure turns weak below the channel
As long as BTC stays below the broken support, pullbacks may face resistance and downside risk remains.
A reclaim back inside the channel would be needed to shift bias bullish again.
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Related publications
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.