Bitcoin Loses Ascending Channel: What's Next? 📉

Bitcoin has broken down from its ascending channel. It's now consolidating below former channel support, which has flipped into resistance around 89.5k–90.5k. Price is currently making lower highs, indicating a bearish structure in the short term.

A rejection from this resistance zone could trigger further downside continuation. Key interim support lies near 85.5k–86k.

Loss of the 85.5k–86k area would open the path towards a final TP zone of 80.5k–81k. A sustained reclaim and hold above 90.5k would invalidate this short-term bearish outlook.