🚨 BITCOIN RELIEF RALLY: A POTENTIAL BULL TRAP?
Bitcoin ( $BTC ) faced rejection near $87,000 and has since been trading within the $80,000–$84,000 range.
If selling pressure returns, these are the downside levels I’m watching:
$84K → $75K → $62K → $52K
A relief rally could attract buyers before another correction, so caution is warranted. However, this bearish scenario is not confirmed, and price action around key support and resistance levels will be crucial.
Keep this analysis for comparison over the coming weeks and monitor the market closely.
Follow for further updates on Bitcoin’s next major move.
Bitcoin ( $BTC ) faced rejection near $87,000 and has since been trading within the $80,000–$84,000 range.
If selling pressure returns, these are the downside levels I’m watching:
$84K → $75K → $62K → $52K
A relief rally could attract buyers before another correction, so caution is warranted. However, this bearish scenario is not confirmed, and price action around key support and resistance levels will be crucial.
Keep this analysis for comparison over the coming weeks and monitor the market closely.
Follow for further updates on Bitcoin’s next major move.