$BTC
Bitcoin is bumping into a major resistance wall at $84,113.82 after a steady climb.
After rising from lower levels, the price is testing a ceiling where sellers are trying to take control. The chart points to a rejection from here with a sharp slide downward toward the $78,000 target zone.
Holding below the $85,000 invalidation level keeps the downward move active, targeting $78,000. A push and close above $85,000 invalidates the short setup.
Don't buy into resistance walls wait for confirmed rejections before positioning for the drop.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
Bitcoin is bumping into a major resistance wall at $84,113.82 after a steady climb.
After rising from lower levels, the price is testing a ceiling where sellers are trying to take control. The chart points to a rejection from here with a sharp slide downward toward the $78,000 target zone.
Holding below the $85,000 invalidation level keeps the downward move active, targeting $78,000. A push and close above $85,000 invalidates the short setup.
Don't buy into resistance walls wait for confirmed rejections before positioning for the drop.
#BTC #Bitcoin #CryptoAnalysis #TechnicalAnalysis #Trading
