The price dropped sharply from 86,496.42 to a low of 83,111.64.
There’s a small bounce and some green candles forming, suggesting a potential short-term recovery or relief rally.
The current price is at 83,568.00, which is still close to the recent low, meaning bears may still be in control.
What could happen next:
1. If buyers step in (bullish scenario): Price could try to retest the 84,000–84,500 zone. That would form a small reversal pattern if it breaks above and holds.
2. If sellers remain strong (bearish scenario): Price could retest the 83,111.64 low or break below it to continue the downtrend.
Watch for:
Candle shapes (reversal patterns like hammers or engulfing).
Volume (higher volume on green candles could show strong buying interest).
Resistance at 83,687 and 84,000 zones.
THE Chances of being bullish 60-70%
And the chances of being bearish are around 30%$BTC #BitcoinWithTariffs
There’s a small bounce and some green candles forming, suggesting a potential short-term recovery or relief rally.
The current price is at 83,568.00, which is still close to the recent low, meaning bears may still be in control.
What could happen next:
1. If buyers step in (bullish scenario): Price could try to retest the 84,000–84,500 zone. That would form a small reversal pattern if it breaks above and holds.
2. If sellers remain strong (bearish scenario): Price could retest the 83,111.64 low or break below it to continue the downtrend.
Watch for:
Candle shapes (reversal patterns like hammers or engulfing).
Volume (higher volume on green candles could show strong buying interest).
Resistance at 83,687 and 84,000 zones.
THE Chances of being bullish 60-70%
And the chances of being bearish are around 30%$BTC #BitcoinWithTariffs
