HelenP. I Bitcoin may break trend line and continue to move downHi folks today I'm prepared for you Bitcoin analytics. After testing the resistance area between 107500 and 108200 points, the price started to form a clear descending pattern, respecting the downward trend line with multiple touches. The price consistently failed to break above it, confirming bearish pressure. Eventually, it dropped below the 101500 support level and entered the support zone down to 100700 points, where it found temporary relief. From there, BTC attempted a short-term rebound and moved back toward the 101500 resistance area. However, it now trades just under the trend line again, signaling that the sellers are still in control. The structure suggests a potential pullback toward the trend line or the lower boundary of the resistance zone before further downside continuation. In my opinion, BTCUSD is preparing for another move lower. That’s why I expect a slight upward correction, followed by a new bearish impulse that could push the price toward the 97500 level, my current goal. Given the ongoing pressure from the trend line and the failed breakout attempts, I remain bearish and expect further decline. If you like my analytics you may support me with your like/comment ❤️
Disclaimer: As part of ThinkMarkets’ Influencer Program, I am sponsored to share and publish their charts in my analysis.
