#Bitcoin is showing signs of increasing selling pressure after facing strong rejection near the recent highs. The chart highlights a possible bearish
#reversal , with price struggling to maintain momentum above the key resistance area. The recent upward move appears to be losing strength as sellers return to the market. 📊
The technical structure also suggests a potential breakdown from the current range. A rejection from the upper trend line and resistance zone could trigger a stronger downward move. The marked projection indicates that
$BTC may revisit lower support levels if
#bearish momentum continues.
🎯 Major Target: 62,452
A sustained decline below the current structure could increase selling pressure and push
$BTC /USD toward the 62,452 target. Traders should closely monitor price action and key support levels for confirmation.
Overall, the chart favors a bearish outlook, with a potential downside move toward the marked target if sellers remain in control. 🔻🔥
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