$BTC #BFC Bitcoin price analysis: a crucial level preventing a drop to $50K
| September i: 50 2026
According to the technical analysis presented in a recent post on the X platform, Bitcoin was rejected at the resistance zone of $82,500. The area ranging between $79,000 and $83,000 forms a Bearish Order Block, prompting sellers to attempt to control price movement in the near term.
The expected paths, based on the current price behavior, are as follows:
Bullish scenario: requires a confirmed daily close above the $83,000 level with a successful retest, to pave the way toward $89,000 to $91,000, and then target the $97,000 to $100,000 range.
Bearish scenario: if it fails at the current resistance, the Bitcoin price may drop by up to 20%, with support levels at $68,000, $65,000, and $62,000 under test, and a possibility of extending toward $50,000.