Bitcoin is at a critical decision point, and the next move could be massive. Let’s break it down:
📉 Bearish Scenario (Most Likely)
BTC has been consolidating, but it's now breaking below key support and trading under the 21-day VWMA (red line)—a strong bearish signal. If sellers take control, we could see BTC drop to:
🔻 $88,000 (0.5 Fib level) – First major support
🔻 $82,000 (0.618 Fib level) – Next key demand zone
🔻 $75,000 - $78,000 ("Panic Sell" zone) – A breakdown here could trigger liquidations.
📈 Bullish Scenario (Less Likely but Possible)
For BTC to reverse this bearish momentum, it must reclaim the 21-day VWMA and break above resistance at $98,000 - $100,000. A breakout above $100,000 would shift sentiment bullish and invalidate the bearish setup.
🔍 Key Takeaways:
✅ BTC is trading below the 21-day VWMA, signaling weakness.
✅ Bulls must reclaim resistance quickly to avoid deeper downside.
✅ High volatility ahead.
🚀 What’s your outlook? Will BTC bounce or continue dropping? Drop your thoughts in the comments!
📉 Bearish Scenario (Most Likely)
BTC has been consolidating, but it's now breaking below key support and trading under the 21-day VWMA (red line)—a strong bearish signal. If sellers take control, we could see BTC drop to:
🔻 $88,000 (0.5 Fib level) – First major support
🔻 $82,000 (0.618 Fib level) – Next key demand zone
🔻 $75,000 - $78,000 ("Panic Sell" zone) – A breakdown here could trigger liquidations.
📈 Bullish Scenario (Less Likely but Possible)
For BTC to reverse this bearish momentum, it must reclaim the 21-day VWMA and break above resistance at $98,000 - $100,000. A breakout above $100,000 would shift sentiment bullish and invalidate the bearish setup.
🔍 Key Takeaways:
✅ BTC is trading below the 21-day VWMA, signaling weakness.
✅ Bulls must reclaim resistance quickly to avoid deeper downside.
✅ High volatility ahead.
🚀 What’s your outlook? Will BTC bounce or continue dropping? Drop your thoughts in the comments!
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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.
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.