๐ธ
Bitcoin is struggling below $85K, increasing the risk of further downside. Bulls must reclaim this level to regain control.
๐ธ Key Support Zone at $80K:
A minor support level where BTC could see a short bounce. However, losing this level could accelerate the downtrend, with the next critical support at $74K-$72K.
๐ธ Risk Level at $72K:
Losing $72K-$70K could open the doors for a deeper correction toward $55K-$50K, signaling a bearish breakdown with strong selling pressure.
๐ธ Watch Levels:
Bullish case: BTC must stay above $85K and push toward $90K+ for continuation.
Bearish case: Failure to reclaim $85K increases the risk of a drop to $72K, and if that level fails, a move toward $55K-$50K is likely.
Bitcoin is at a critical decision pointโtrade cautiously! ๐จ
Bitcoin is struggling below $85K, increasing the risk of further downside. Bulls must reclaim this level to regain control.
๐ธ Key Support Zone at $80K:
A minor support level where BTC could see a short bounce. However, losing this level could accelerate the downtrend, with the next critical support at $74K-$72K.
๐ธ Risk Level at $72K:
Losing $72K-$70K could open the doors for a deeper correction toward $55K-$50K, signaling a bearish breakdown with strong selling pressure.
๐ธ Watch Levels:
Bullish case: BTC must stay above $85K and push toward $90K+ for continuation.
Bearish case: Failure to reclaim $85K increases the risk of a drop to $72K, and if that level fails, a move toward $55K-$50K is likely.
Bitcoin is at a critical decision pointโtrade cautiously! ๐จ
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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.