Bitcoin (BTC/USD) – Bearish Breakdown & Key Levels to WatchMarket Overview:
Bitcoin is trading at $84,185, showing a +1.63% increase. The price action suggests a potential breakout towards the upside.
🔹 Chart Structure:
BTC has been consolidating in a range-bound structure after a sharp upward move.
Previous rising wedge patterns led to corrections, but the price is holding key support levels.
A breakout setup is forming with a target towards $88,500 – $90,000.
🔹 Key Levels to Watch:
✅ Resistance: $85,249, $86,934, $88,500, $90,000
✅ Support: $82,000, $81,400
🔹 Potential Trade Setup:
📈 Bullish Scenario:
If BTC holds above $84,000, a push towards $86,500 – $88,500 is likely.
A breakout above $88,500 could lead to $90,000+.
📉 Bearish Scenario:
If BTC rejects $85,000, a pullback to $82,000 – $81,400 may occur before another move up.
🔹 Conclusion:
Bias: Bullish above $84,000
Target: $88,500 – $90,000
Invalidation: Below $81,400
Would you like a more detailed trade plan with stop-loss and entry points? 🚀
