BTC/USDT Analysis: Bearish Trendline Forming on the 30m Chart 📉
Caption:
Bitcoin is currently showing a clear pattern of Lower Highs, respecting a descending trendline. The price action suggests a potential rejection at the current resistance level. If the momentum fails here, we could see a move toward the $84,000 support zone.
Key Resistance: ~$88,500
Target Support: ~$84,000
Watch the volume closely at this third touchpoint!
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquareFamily #Bearish
$BTC
Caption:
Bitcoin is currently showing a clear pattern of Lower Highs, respecting a descending trendline. The price action suggests a potential rejection at the current resistance level. If the momentum fails here, we could see a move toward the $84,000 support zone.
Key Resistance: ~$88,500
Target Support: ~$84,000
Watch the volume closely at this third touchpoint!
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #BinanceSquareFamily #Bearish
$BTC