🚀 Bitcoin Analysis – Are We Approaching a Reversal or a New Breakdown?
Bitcoin $BTC is still moving within a short-term descending channel, with a clear approach to one of the most important current support areas:
🔻 Main Support:
89,800 – 89,200 USDT
This area has maintained the price multiple times during the recent decline.
🔷 Downtrend:
The price is still below a clear downtrend, and any strong rebound will only be achieved after breaking the levels of:
93,600 USDT
With a closing of at least four hours.
🟦 Major Uptrend:
At the very bottom, Bitcoin is still above the uptrend extending from 2022, which forms the last line of defense in the upward structure in the medium term.
🎯 Positive Scenario (Rebound Potential):
If the price holds at 89k:
First Target: 92,000 – 93,600
Second Target: 98,300
The larger breakout would be above: 105,000
🔥 Negative Scenario (In Case of Support Breakdown):
A clear close below 89,000 means Bitcoin enters a deeper correction wave that may extend towards:
86,000 and possibly a direct test of the long-term uptrend near 85,200
🧭 Summary:
The market is in a potential reversal area…
However, any rise needs strong confirmation above 93,600, while any close below 89k could change the entire movement direction.
📌 We are currently at an important decision point for the price.
