๐ป BTC TECHNICAL ANALYSIS - BEARISH BREAKDOWN? ๐ป
Bitcoin is at a critical level! ๐
The BTC/USDT 4H chart is forming a descending triangle, indicating a potential bearish breakdown.
๐ Resistance: $105,019
๐ Strong Support: $98,418
๐ Potential Downside Target: $89,476
If BTC fails to hold the blue support zone, we could see further downside movement toward the
89K area! ๐จ However, a breakout above resistance could trigger a bullish reversal.
๐ฅ Stay alert & monitor price action closely! ๐ฅ
Bitcoin is at a critical level! ๐
The BTC/USDT 4H chart is forming a descending triangle, indicating a potential bearish breakdown.
๐ Resistance: $105,019
๐ Strong Support: $98,418
๐ Potential Downside Target: $89,476
If BTC fails to hold the blue support zone, we could see further downside movement toward the
89K area! ๐จ However, a breakout above resistance could trigger a bullish reversal.๐ฅ Stay alert & monitor price action closely! ๐ฅ
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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.
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.