$BTC
BTCUSDT
Perp
85,743.
+0.61%
just lost its trendline.
And if the bulls can’t reclaim it soon, $83K could be next.
But here’s what I’m watching
A trendline break alone doesn’t automatically mean Bitcoin is heading straight down. The important part is what happens after the breakdown.
If $BTC reclaims the trendline and holds above it, this could turn into a fakeout.
If price keeps getting rejected below it, then the $83K area becomes much more interesting.
BTCUSDT
Perp
85,743.
+0.61%
just lost its trendline.
And if the bulls can’t reclaim it soon, $83K could be next.
But here’s what I’m watching
A trendline break alone doesn’t automatically mean Bitcoin is heading straight down. The important part is what happens after the breakdown.
If $BTC reclaims the trendline and holds above it, this could turn into a fakeout.
If price keeps getting rejected below it, then the $83K area becomes much more interesting.
