Bitcoin
Updated

BTCUSD – Bearish Trend ?

5 019
Hello traders! Let’s take a closer look at BTCUSD !

Recently, we’re seeing clear signs of a potential reversal after BTCUSD formed a double top pattern, and the EMA 34 and EMA 89 have crossed each other.

Breaking the support level around the previous key zone has strengthened the bearish momentum, potentially triggering a further decline towards the next support level near 103,500 USD.

However, I’m also watching for possible reversal signals at these support levels. If BTCUSD holds above 103,500 USD and forms a higher low, we may see the bulls make a comeback.

🔴 Key Levels to Watch:
  • Resistance: 114,000 USD
  • Support: 103,500 USD
  • EMA Crossover: Strong Bearish Signal


Stay alert and be ready for potential market shifts! Will the bulls step in at 103,500 USD? Or will the bears continue to dominate?
Let me know your thoughts and happy trading!
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