Bitcoin price analysis and technical analysis.

There is a general downward trend, but the support level is in the range of $84,500 - $86,500.

A bullish pattern is showing, but the trading volume is weak and low on the bullish candles.

Reaching $74,000 is not easy, so do not rush to try to reach it.

The market will witness significant volatility.

The price should test the $90,000 area again.

On the two-day chart, a clear double top pattern is showing, indicating a strong downward trend.

The main support level is in the range of $74,000, which could lead to a strong price rebound above or around $100,000.

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BTC

89,305.52

-1.04%