BTC is moving inside a descending channel, creating a sequence of lower highs and lower lows. Price has bounced strongly from the channel support, but still remains below the upper trendline.
Market is in controlled downtrend, but a breakout could change direction quickly.
📈 Bullish Scenario
If BTC breaks above the channel resistance (90.8k): ➡️ Momentum can flip bullish ➡️ Targets → 91.6k → 92.4k
Reason: Breakout from descending channel often leads to a short-term reversal.
📉 Bearish Scenario
If BTC gets rejected near the upper channel and falls: ➡️ Retest of 88.8k – 88.5k ➡️ Breakdown below this zone = deeper drop possible toward 87.5k
📝 Summary
BTC is still inside a descending channel, but showing early signs of a bounce. A strong move will come only after breakout from this channel structure. #BTC $BTC For now → Wait for confirmation.
Yesterday we mentioned that BTC was still inside a descending channel and warned that a rejection from the upper trendline could push the price down again.
Today, BTC has dumped exactly from that zone and touched the channel support.
📌 Current Situation
BTC is holding around 86k support zone (channel bottom) Downtrend structure is still intact Buyers are trying to defend this support
📉 Bearish Continuation
If BTC breaks below 85.8k – 86k: ➡️ Further downside likely ➡️ Targets → 84.8k → 83.5k
Reason: Breaking the channel bottom = trend continuation, more selling pressure.
📈 Bounce Scenario
If BTC respects the lower channel support again: ➡️ Short-term bounce possible ➡️ Targets → 88k → 89.2k #BTC $BTC