Bitcoin has confirmed a bearish shift after breaking below the ascending trendline that previously supported the uptrend. Price rallied into a key supply zone but failed to maintain bullish momentum, leading to a strong rejection and aggressive selling pressure.
The highlighted resistance area acted as a major distribution zone where sellers stepped in and pushed price lower. Following the rejection, BTC broke below short-term support levels, confirming bearish market structure and increasing the probability of further downside movement.
Price is now trading below key moving averages, indicating that sellers remain in control. Unless Bitcoin reclaims the broken resistance zone and establishes higher highs, the bearish outlook remains valid.
🎯 Technical Outlook
🔹 Trendline Break Confirmed
🔹 Resistance Zone Holding Strong
🔹 Bearish Market Structure Active
🔹 First Target: 60,500
🔹 Second Target: 58,800
⚠️ A retest of the broken supply zone may provide additional selling opportunities. Risk management remains essential as volatility can increase at key support levels.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results.
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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.