Bearish Indicators from the Chart:
1. Price Below Key Resistance
The current price of $92,337.57** is below the recent high of **~$100,000–116,000 seen earlier in December, indicating a rejection from higher levels.
2. Downward Price Movement
The chart shows a clear decline from the peak near $116,000 to the current level, forming a lower high and lower low pattern in recent sessions.
3. Weak Buy vs. Sell Momentum
The "BUY" and "SELL" prices are nearly identical, suggesting a lack of strong buying pressure. The slight negative change (-0.19%) also indicates mild selling interest.
4. Support Break Risk
The price is hovering around $92,337**, with the next major support near **$88,000. A break below this could accelerate selling.
5. Volume and Trend Exhaustion
The chart shows declining volume (not explicitly shown but implied by consolidation), which can signal weakening bullish momentum and potential trend reversal.
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Bearish Scenario Summary:
· If BTC breaks below $92,000**, the next targets are **$88,000, then $84,000.
· A sustained move below $90,000 could confirm a short-term bearish trend.
· The December rally may be experiencing profit-taking, leading to a corrective phase.
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