๐ Bitcoin$BTC Trend Analysis โ The Reality Behind the Drop
The chart clearly highlights Bitcoinโs long-term ascending structure, showing multiple impulsive waves pushing price toward its all-time highs. After touching the upper trendline around the Wave 5 exhaustion point, BTC$BTC faced strong rejection โ a typical move after an overheated rally.
Many traders say โBitcoin$BTC can never go that low,โ but market history proves otherwise. When BTC fails to hold the $69K psychological level, the next major liquidity zone lies much lower.
According to the trendline support shown in the chart, Bitcoinโs potential correction range sits between:
๐ $45,000 โ first major demand zone
๐ $30,000 โ long-term trendline support
This range represents the strongest historical buying region, where long-term investors have re-entered the market in every major cycle.
In summary:
If $69K breaks, the chart points toward $30Kโ$45K as the realistic correction area โ not fear, just pure technical structure.
Smart traders prepare, not panic.
