Bitcoin ($BTC ) is facing another critical phase after failing to hold the higher levels around $87K. The recent relief rally has started to lose momentum, raising questions about whether the market could see another deeper correction.
One bearish scenario currently being discussed is:
$84K â $73K â $65K â $53K â New Cycle
If selling pressure increases and key support levels fail one by one, Bitcoin could potentially move toward lower support zones. The $65Kâ$53K area would become an important zone to watch in this scenario.
However, a move to $53,000 is not confirmed. Bitcoin can reverse quickly if buyers regain control and reclaim important resistance levels.
For now, traders should closely watch the reaction around $84K, $73K, and $65K. These levels could help determine whether the current weakness develops into a larger correction or turns into another recovery.
đ Key levels:
đŽ Resistance: $87K
đĄ Support: $84K / $73K / $65K
â ïž Bearish target: $53K
This is a market scenario, not financial advice. Always do your own research and manage risk carefully.
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