🚨 $BTC Under Pressure
$BTC has fallen around 14% this week after breaking below the ascending channel near $72K.
📊 Key Levels to Watch:
• Weekly 200 MA: ~$59.1K
• 300 SMA: ~$53.5K
If the weekly 200 MA continues to hold, Bitcoin could stabilize and attempt a recovery.
However, if that support fails, the probability of a deeper correction increases significantly.
🎯 Potential downside zones:
• $50K area
• $42K – $38K bear flag target zone
The next few weeks could be crucial for defining the broader market direction.
Manage risk and trade according to your strategy.
BTC
63,172
-0.11%