🚨🚨Bitcoin Update:🚨🚨
$BTC Downtrend Accelerates as $83,000 Support Fails
Bitcoin's breakdown is gaining momentum. The price has now breached the next critical level at $83,000**, trading at **$82,785 and reinforcing the bearish algorithmic signals. The "Down-Trend" indication remains active and strengthened on the daily chart.
The Technical Picture Now:
The break below $83,000 confirms the selling pressure is intensifying. The **primary target is now the swing low at $81,118**. A decisive break below that level would open a high-probability path toward $80,000**, and potentially the **$78,450 area indicated as the next significant chart confluence.
Key Immediate Levels:
· New Resistance: $83,300 - $84,500 (previous support zone).
· Pivotal Support: $81,118 (Must hold to prevent a steeper decline).
· Next Target: $80,000 psychological level.
Strategy Adjustment:
For traders, the trend is unequivocally bearish. Any retracement toward the $83,300 - $84,000 zone should be viewed as a potential continuation short opportunity, with a tight stop-loss above $84,500. For investors, this move deeper into the correction further emphasizes the importance of a disciplined **DCA strategy**. Scale-in buys near **$81,100 and $80,000** offer improved risk/reward ratios for long-term entries.
Bottom Line:
The market is respecting the technical breakdown. The sequence of lower highs and lower lows is clear. Patience and discipline are paramount. The next major signal will be a daily close back above $84,500, which would be the first step toward invalidating this downtrend.
---
Is your plan in place? Are you waiting for $80,000, or starting to DCA here?
Analysis based on live algorithmic signals & price action. Not financial advice.
Hashtags: #Bitcoin #BTC #Crypto #TradingSignals #MarketCorrection #DCA #Support
#Resistance $BTC