Bitcoin broke down- Is 75k next target?
Over the past three weeks, Bitcoin has remained virtually unchanged, trading within a range of 95K–97K.
However, yesterday, the price broke below this range, dropping to the 91K confluence support—a key level I’ve highlighted in previous analyses.
After briefly spiking as low as 87K, BTC has rebounded to around 90K, but if we analyze the price action objectively, there are no clear bullish signals.
From a technical perspective, the three-month trading range has broken to the downside, suggesting a continuation of the downward trend.
I anticipate further losses for BTC, and a drop to 75K in the coming months wouldn’t be surprising. 📉
However, yesterday, the price broke below this range, dropping to the 91K confluence support—a key level I’ve highlighted in previous analyses.
After briefly spiking as low as 87K, BTC has rebounded to around 90K, but if we analyze the price action objectively, there are no clear bullish signals.
From a technical perspective, the three-month trading range has broken to the downside, suggesting a continuation of the downward trend.
I anticipate further losses for BTC, and a drop to 75K in the coming months wouldn’t be surprising. 📉
Trade active
BtcUsd clearly broke under support
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.