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I previously warned about a potential decline in $BTC , and it has now dropped from $94K to $88K, aligning with my prediction. While I believe $BTC has the potential to reach $120K, $180K, or even $250K, it may first experience a downturn toward $45K or $55K. #Bitcoin is currently trading at $88,112, down 6.12%, after breaking below key support levels. The price hit a 24h low of $87,432, signaling strong selling pressure. Key Levels to Watch: Resistance: $90,800 – A breakout could push BTC toward $92,500 and $95,200 Support: $87,000 – A breakdown may lead to further downside toward $85,500 and $84,200 Market Insights: Parabolic SAR: Clearly bearish, suggesting continued downside pressure MACD: Deep in negative territory, indicating strong downward momentum Volume: Selling volume remains high, increasing the risk of further declines Trade Setup: Long Entry: Above $90,800, targeting $92,500 and $95,200 Short Entry: Below $87,000, with downside targets at $85,500 and $84,200 Stop Loss: $89,000 to manage risk Bitcoin is at a critical level, and traders should wait and for a confirmed move before taking positions.
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#TradingAnalysis101 I previously warned about a potential decline in $BTC, and it has now dropped from $94K to $88K, aligning with my prediction. While I believe $BTC has the potential to reach $120K, $180K, or even $250K, it may first experience a downturn toward $45K or $55K. #Bitcoin is currently trading at $88,112, down 6.12%, after breaking below key support levels. The price hit a 24h low of $87,432, signaling strong selling pressure. Key Levels to Watch: Resistance: $90,800 – A breakout could push BTC toward $92,500 and $95,200 Support: $87,000 – A breakdown may lead to further downside toward $85,500 and $84,200 Market Insights: Parabolic SAR: Clearly bearish, suggesting continued downside pressure MACD: Deep in negative territory, indicating strong downward momentum Volume: Selling volume remains high, increasing the risk of further declines Trade Setup: Long Entry: Above $90,800, targeting $92,500 and $95,200 Short Entry: Below $87,000, with downside targets at $85,500 and $84,200 Stop Loss: $89,000 to manage risk Bitcoin is at a critical level, and traders should wait and for a confirmed move before taking positions.
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