Bitcoin has recently formed a double top pattern near its all-time high at $112K–$110K, signaling potential exhaustion in the bullish momentum. After a strong rejection from the $106K resistance — a critical zone that has historically failed to close above on the daily timeframe — BTC is showing increasing bearish pressure.
All major indicators — RSI, MACD, and Stochastic RSI — are aligning to confirm this potential downtrend.
Here’s the projected bearish scenario if key supports break:
A break below $100K could trigger a fall to $97K, followed by a bounce and retest.
Rejection from $100K again may lead to a drop toward $92K.
Failure to reclaim $95K–$90K could send BTC directly down to $88K.
Another failed attempt near $90K might push Bitcoin to crash toward $74K, echoing the 2024 summer correction pattern.
This setup mirrors past seasonal moves and could mark a significant shift in market structure if confirmed.
📉 Watch these key zones:
$106K – Major resistance
$100K – Psychological and structural support
$92K / $88K / $74K – Potential targets if bearish continuation plays out
⚠️ Stay alert for retests and confirmations before entries.
All major indicators — RSI, MACD, and Stochastic RSI — are aligning to confirm this potential downtrend.
Here’s the projected bearish scenario if key supports break:
A break below $100K could trigger a fall to $97K, followed by a bounce and retest.
Rejection from $100K again may lead to a drop toward $92K.
Failure to reclaim $95K–$90K could send BTC directly down to $88K.
Another failed attempt near $90K might push Bitcoin to crash toward $74K, echoing the 2024 summer correction pattern.
This setup mirrors past seasonal moves and could mark a significant shift in market structure if confirmed.
📉 Watch these key zones:
$106K – Major resistance
$100K – Psychological and structural support
$92K / $88K / $74K – Potential targets if bearish continuation plays out
⚠️ Stay alert for retests and confirmations before entries.
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🌹TRADING is a CASINO💔!? NO‼️ You❗️CAN and ❗️SHOULD make money in trading! Join me, I'll guide you to PROFITABLE TRADING💵! 🟢Free Telegram Channel: : telegram.me/crypto_vulture_signals
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.