Bitcoin has failed to hold above $80K, confirming further downside risk.
๐ธ Key Support Levels:
$77K-$75K (Minor support, could see a small bounce)
$72K-$70K (Stronger support zone, key decision point)
$60K-$50K (If BTC breaks $70K, deeper correction likely)
๐ธ Resistance Zones:
$80K-
82K (Now acting as resistance)$85K-$90K (Needs reclaiming for bullish continuation)
๐ธ Bearish Scenario:
โ First target $75K
โ Second target $72K
โ If BTC loses $70K, expect $60K-$50K
๐ธ Bullish Scenario:
BTC must reclaim $80K-
82K to regain strength.A fake pump to $90K+ is possible before another drop.
BTC breaking below $80K is bearish, watch $72K-$70K for a reaction. If that level fails, a deep drop to $60K-$50K is possible. Trade carefully!
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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.