Bitcoin at a Crossroads โ Breakdown or Bounce? ๐๐
Whatโs your outlook on Bitcoin right now?
After the recent sell-off, BTC entered a corrective phase and rallied toward the $98,000 region โ but strong selling pressure caused a clear rejection. Price has now broken below its ascending trendline and is trading underneath it, signaling a weakening bullish structure.
๐ด Key Resistance
$92,000 โ $93,000
This zone is capping price action. As long as BTC remains below it, the bearish bias stays intact.
๐ข Key Support
$84,000
A decisive break and daily close below this level could expose BTC to a deeper move toward $75,000.
๐ Expected Scenario
Bitcoin may consolidate and attempt a pullback toward the broken structure before continuing lower. If the $84k support fails, selling pressure could accelerate toward lower targets.
๐ฌ Whatโs your take?
Will $84k hold, or are we heading straight to $75k?
Drop your thoughts in the comments ๐ and donโt forget to like & share โค๏ธ