MEGA overview of BITCOIN!
Bitcoin has broken the ascending trend line on the weekly timeframe, the very one that stretches from the 50,000 $ zone. Currently, the price remains below the key level of 98,950–99,100. If $BTC settles here, the primary targets for decline are 92,000 and 88,407 $.
The worst-case scenario is a recession in the USA and a general cooling towards risk: then the targets move towards 77,472–73,881 $. And if a fat 'black swan' arrives, testing the base of the trend line, that is, the area of 50,000 $, cannot be excluded either.
The RSI has been signaling for a long time: the highs have been declining since the beginning of 2025, while the chart has been rising — pure bearish divergence. The lows on the chart are rising, while on the RSI they are slowly decreasing, which is clearly not a bullish signal. The MACD also shows a weakening interest in Bitcoin.
If within the next week $BTC finally settles below the trend line, this can be considered the start of a full-fledged bear market. The end of November is a key fork, and the opening of December will show the direction for the year ahead.
While the market is pondering where to go, it's the perfect time to like.
Not financial advice — think with your own head and earn! DYOR!
#BTC #
