Bitcoin Rejection at Key Resistance – Potential Drop Incoming?
Bitcoin faced a strong rejection near $92,850 and is now showing signs of bearish momentum. A clear Break of Structure (BOS) has occurred on the 1H timeframe, increasing the likelihood of further downside. A Fair Value Gap (FVG) is present, and the price is struggling to reclaim lost ground. If the bearish pressure continues, BTC could revisit the $81,500 support zone.
🔹 Resistance: $92,850
🔹 Support: $81,500
🔹 Trend: Bearish on 1H timeframe
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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.