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
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.