?Bitcoin failed to sustain its move above the $85K resistance region and has since experienced significant selling pressure.
After losing the $81K area, $BTC continued its decline and is now trading around $75,773, according to the supplied chart.
At this stage, Bitcoin is approaching an important daily support zone. This is where we need to pay close attention to the market's next reaction.
BTC is currently approaching the $75K support region.
This is an important area where we could see buyers step in and attempt to stabilize the market.
If Bitcoin holds this daily support and produces a convincing bullish reaction, a recovery toward $78K–$80K becomes a possible scenario.
However, we need to see actual buying pressure and stronger daily price action before considering a bounce confirmed.
what's your analysis says 🤔
comment down 👇
After losing the $81K area, $BTC continued its decline and is now trading around $75,773, according to the supplied chart.
At this stage, Bitcoin is approaching an important daily support zone. This is where we need to pay close attention to the market's next reaction.
BTC is currently approaching the $75K support region.
This is an important area where we could see buyers step in and attempt to stabilize the market.
If Bitcoin holds this daily support and produces a convincing bullish reaction, a recovery toward $78K–$80K becomes a possible scenario.
However, we need to see actual buying pressure and stronger daily price action before considering a bounce confirmed.
what's your analysis says 🤔
comment down 👇
