Bitcoin has broken below its strong rising trendline, but this move could well turn out to be a classic seller’s trap. Despite the breakdown, BTC is currently holding above the key breakout zone, which has historically triggered strong rebounds.
The price is also sitting right inside a previous "accumulated & explode" demand zone — an area where buyers have consistently stepped in. If BTC manages to hold this zone, a sharp rebound could follow, trapping late sellers and driving price higher.
However, if the support zone fails, we could see deeper downside. For now, this is a critical pivot — watch price action closely to see if bulls defend this level or if sellers gain control.
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The price is also sitting right inside a previous "accumulated & explode" demand zone — an area where buyers have consistently stepped in. If BTC manages to hold this zone, a sharp rebound could follow, trapping late sellers and driving price higher.
However, if the support zone fails, we could see deeper downside. For now, this is a critical pivot — watch price action closely to see if bulls defend this level or if sellers gain control.
If you liked it, do comment and follow us for regular market updates.
THANK YOU
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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.