Bitcoin (BTC): Bearish Pressure Mounts Amid Key Support Levels
🔥 Potential Price Targets:
🩸 Near-term Goal: $80,000
🩸 Long-term Goal: $75,000
🔥 FinCaesar's Strategy:
🩸 Short: Below $92,500, targeting $80,000 and $75,000. Bearish MACD and significant selling pressure support downside momentum.
🩸 Long: Above $102,240, aiming for $105,000 and $110,000. A reversal would require strong bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $102,240 — The next significant hurdle for bulls to overcome.
🩸 Support: $78,095 — Breaking this could accelerate declines to lower levels.
Bitcoin is trading in a bearish setup, with MACD momentum turning negative and the price struggling to break above the key resistance at $102,240. Sellers are in control, and a breakdown below $78,095 may trigger a deeper selloff.
👑 "In a bearish trend, hesitation can be costly—act with precision." — FinCaesar
🩸 Near-term Goal: $80,000
🩸 Long-term Goal: $75,000
🔥 FinCaesar's Strategy:
🩸 Short: Below $92,500, targeting $80,000 and $75,000. Bearish MACD and significant selling pressure support downside momentum.
🩸 Long: Above $102,240, aiming for $105,000 and $110,000. A reversal would require strong bullish volume, which remains uncertain.
🔥 FinCaesar's Commands:
🩸 Resistance: $102,240 — The next significant hurdle for bulls to overcome.
🩸 Support: $78,095 — Breaking this could accelerate declines to lower levels.
Bitcoin is trading in a bearish setup, with MACD momentum turning negative and the price struggling to break above the key resistance at $102,240. Sellers are in control, and a breakdown below $78,095 may trigger a deeper selloff.
👑 "In a bearish trend, hesitation can be costly—act with precision." — FinCaesar
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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.
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.