📉 Current Situation of Bitcoin (BTC) – in simple words

What is being discussed here is the Expanding Wedge Pattern, and it is generally not a good signal for the market.

🔺 What is an Expanding Wedge?

In this pattern, each new attempt to go up demands more strength than the last.

As the price goes up, it requires more and more buyers.

If there is no strength, the price cannot go up.

❌ What happened at 89k?

Bitcoin tried to reach $89,000.

But there was no strength (momentum) there.

Only a small bounce occurred, no strong breakout.

💥 Why is it dangerous to drop from 97k?

Dropping below $97,000 was very fast and hard.

After such a sharp decline:

To go back up.

It needs an equally strong pump.

And such a pump:

It doesn't come suddenly.

It needs strong demand, volume, and news.

🔻 Why does the market look weak right now?

The price is currently testing the lows again.

A big dump has occurred recently.

Buyers' strength is not yet clearly visible.

📌 Conclusion

In the expanding wedge:

Going up becomes difficult.

At this time:

Market strength is low.

Therefore, the chances of going down are higher.

👉 This is why the analysis says: Bitcoin currently has a bearish trend. 🐻