Bitcoin is pushing into the 79K–80K resistance zone, where momentum is starting to slow after the recent move up. Structure here looks like a potential lower high / distribution, especially if price fails to break and hold above this level.
If we see rejection, I’m watching a move back toward 68K–65K, with potential for a deeper correction below.
There’s an interesting pattern with Fed Chair cycles where BTC has seen major drawdowns each time. With Kevin Warsh expected in May 2026, a similar trend could point toward a ~50% decline from highs, with a possible move toward the $40K area and a broader buy zone between 50K–40K.
Right now, BTC is at a decision point — rejection here would align both technically and with the broader macro pattern 📉
If we see rejection, I’m watching a move back toward 68K–65K, with potential for a deeper correction below.
There’s an interesting pattern with Fed Chair cycles where BTC has seen major drawdowns each time. With Kevin Warsh expected in May 2026, a similar trend could point toward a ~50% decline from highs, with a possible move toward the $40K area and a broader buy zone between 50K–40K.
Right now, BTC is at a decision point — rejection here would align both technically and with the broader macro pattern 📉
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7 years in the financial markets! Join my Telegram for exclusive insights.
Telegram Link: t.me/charts_M7M
Telegram Link: t.me/charts_M7M
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.