According to Bitcoin's monthly chart, there is a 70% chance of a decline this month, and a drop between 5% - 15% is expected.
Expected Levels:
76,000 USD: First strong support
72,000 USD: If broken, the decline may accelerate
65,000 USD: Potential bottom level under heavy selling pressure
Why a Decline is Expected?
The monthly candle is a bearish candle: Selling pressure is strong.
SAR is giving a bearish signal.
RSI 54.89, neutral but upward momentum is weak.
30-day price change -15.17%: This means the downward trend continues.
If there is a close below 76,000 USD, levels of 72,000 – 65,000 USD may be tested.
Conclusion:
Bitcoin is likely to decline by 70% this month and may retreat to the 76,000 – 72,000 USD levels. If selling pressure continues, it could drop to 65,000 USD.
#bitcoin #btc #bnb #binance #xrp
Expected Levels:
76,000 USD: First strong support
72,000 USD: If broken, the decline may accelerate
65,000 USD: Potential bottom level under heavy selling pressure
Why a Decline is Expected?
The monthly candle is a bearish candle: Selling pressure is strong.
SAR is giving a bearish signal.
RSI 54.89, neutral but upward momentum is weak.
30-day price change -15.17%: This means the downward trend continues.
If there is a close below 76,000 USD, levels of 72,000 – 65,000 USD may be tested.
Conclusion:
Bitcoin is likely to decline by 70% this month and may retreat to the 76,000 – 72,000 USD levels. If selling pressure continues, it could drop to 65,000 USD.
#bitcoin #btc #bnb #binance #xrp