Hello everyone, what do you think about the trend of 
BTCUSD ? Here’s my bearish idea.
BTC/USD is currently under significant selling pressure due to a combination of technical factors, psychological resistance, and market news. Recently, BTC/USD has faced substantial selling pressure after reaching a new all-time high (ATH). As the chart shows, the price has struggled to maintain upward momentum and is now in a clear downtrend. The price is adjusting, testing key support levels, and is likely heading toward intermediate support at 110,000 USD, followed by 106,000 USD. Fibonacci projections also suggest this.
The Federal Reserve's tightening policy, global economic uncertainty, and regulatory concerns, such as government scrutiny over Bitcoin’s environmental impact and calls for tighter crypto regulations in multiple countries, are contributing to the market instability and risk-averse sentiment among investors.
In my personal assessment, Bitcoin is under pressure and may test deeper support levels. In the short term, I expect a correction, but of course, I can’t be certain about the long-term outlook! :D
So, feel free to share your thoughts onBTCUSD – I’d love to know what you think!
Good luck!
BTCUSD ? Here’s my bearish idea.BTC/USD is currently under significant selling pressure due to a combination of technical factors, psychological resistance, and market news. Recently, BTC/USD has faced substantial selling pressure after reaching a new all-time high (ATH). As the chart shows, the price has struggled to maintain upward momentum and is now in a clear downtrend. The price is adjusting, testing key support levels, and is likely heading toward intermediate support at 110,000 USD, followed by 106,000 USD. Fibonacci projections also suggest this.
The Federal Reserve's tightening policy, global economic uncertainty, and regulatory concerns, such as government scrutiny over Bitcoin’s environmental impact and calls for tighter crypto regulations in multiple countries, are contributing to the market instability and risk-averse sentiment among investors.
In my personal assessment, Bitcoin is under pressure and may test deeper support levels. In the short term, I expect a correction, but of course, I can’t be certain about the long-term outlook! :D
So, feel free to share your thoughts on
BTCUSD – I’d love to know what you think!Good luck!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
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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.