BTC is testing a key resistance zone after breaking down from an ascending channel.
A descending trendline is acting as resistance, preventing further upside movement.
The rejection from this level increases the probability of a bearish continuation.
A potential breakdown could push BTC toward $93,000, aligning with a strong demand zone.
⚠️ Key Levels:
📌 Resistance: $96,300 – $96,500
📌 Support: $93,000 – $93,300
🔻 If price fails to break above resistance, a downward move is likely. Bears should watch for confirmation before entering short positions.
💬 What’s your take? Will BTC drop, or is another breakout coming? Let me know in the comments! 👇
A descending trendline is acting as resistance, preventing further upside movement.
The rejection from this level increases the probability of a bearish continuation.
A potential breakdown could push BTC toward $93,000, aligning with a strong demand zone.
⚠️ Key Levels:
📌 Resistance: $96,300 – $96,500
📌 Support: $93,000 – $93,300
🔻 If price fails to break above resistance, a downward move is likely. Bears should watch for confirmation before entering short positions.
💬 What’s your take? Will BTC drop, or is another breakout coming? Let me know in the comments! 👇
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.
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.