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$BTC
#BTC What are your thoughts on Bitcoin (BTC)? ₿
Bitcoin is currently trading around $83,000 after facing selling pressure in the $86,000–$87,500 resistance zone, where the price previously failed to break higher and was rejected.
From a technical perspective, BTC has broken below its ascending trendline, signaling weakening bullish momentum and the potential beginning of a corrective phase.
As long as the price remains below the broken trendline and resistance zone, the bearish outlook remains valid, and further downside is possible.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments!
#Bitcoin #BTC #CryptoAnalysis" #trading
$BTC
#BTC What are your thoughts on Bitcoin (BTC)? ₿
Bitcoin is currently trading around $83,000 after facing selling pressure in the $86,000–$87,500 resistance zone, where the price previously failed to break higher and was rejected.
From a technical perspective, BTC has broken below its ascending trendline, signaling weakening bullish momentum and the potential beginning of a corrective phase.
As long as the price remains below the broken trendline and resistance zone, the bearish outlook remains valid, and further downside is possible.
If you found this analysis helpful, please support it with a like and share your thoughts in the comments!
#Bitcoin #BTC #CryptoAnalysis" #trading