1. Breakout Possibility Instead of Rejection
The chart assumes Bitcoin will face resistance at ~99,000 and drop towards the 96,000 support zone. However, Bitcoin has shown strong bullish momentum leading up to this point. If the buying pressure continues, BTC could break out above resistance instead of reversing.
A clean breakout and retest of the resistance zone as new support could send BTC toward 100,000+ rather than declining.
2. Liquidity Trap & Fakeout Risks
Market makers often target areas with high liquidity. If many traders anticipate a drop from resistance, a fakeout could occur—where BTC briefly dips, then reverses upward, liquidating short positions.
Instead of a clean sell-off, price could wick down to shake out weak hands before continuing higher
3. Support May Not Hold
The identified support area near 96,000 assumes buyers will step in. However, if market sentiment shifts (e.g., news events, macroeconomic data), BTC could crash through support instead of bouncing
If BTC closes below support, the next downside target could be around 94,000 or lower.
4. Fundamental & External Factors
Technical patterns are useful, but external factors like news, ETF inflows, and macroeconomic conditions can disrupt traditional price movements
If a major bullish event (e.g., institutional buying, regulatory clarity) occurs, BTC could invalidate the expected bearish retracement and continue surging
Conclusion:
While the given analysis suggests a bearish correction from resistance alternative scenarios include
A bullish breakout above resistance
A fakeout drop before continuation higher
A failed support level leading to deeper declines.
External catalysts overriding technical expectations
The chart assumes Bitcoin will face resistance at ~99,000 and drop towards the 96,000 support zone. However, Bitcoin has shown strong bullish momentum leading up to this point. If the buying pressure continues, BTC could break out above resistance instead of reversing.
A clean breakout and retest of the resistance zone as new support could send BTC toward 100,000+ rather than declining.
2. Liquidity Trap & Fakeout Risks
Market makers often target areas with high liquidity. If many traders anticipate a drop from resistance, a fakeout could occur—where BTC briefly dips, then reverses upward, liquidating short positions.
Instead of a clean sell-off, price could wick down to shake out weak hands before continuing higher
3. Support May Not Hold
The identified support area near 96,000 assumes buyers will step in. However, if market sentiment shifts (e.g., news events, macroeconomic data), BTC could crash through support instead of bouncing
If BTC closes below support, the next downside target could be around 94,000 or lower.
4. Fundamental & External Factors
Technical patterns are useful, but external factors like news, ETF inflows, and macroeconomic conditions can disrupt traditional price movements
If a major bullish event (e.g., institutional buying, regulatory clarity) occurs, BTC could invalidate the expected bearish retracement and continue surging
Conclusion:
While the given analysis suggests a bearish correction from resistance alternative scenarios include
A bullish breakout above resistance
A fakeout drop before continuation higher
A failed support level leading to deeper declines.
External catalysts overriding technical expectations
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.
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.