Daily $BTC Anaylsis
The 200-day moving averages (MAs) must maintain their current levels to prevent a potential breakdown of the overarching technical pattern.
Should Bitcoin (BTC) fail to sustain both the MAs and the larger structure, a decline toward the lower $80,000 range becomes probable.
At that juncture, a temporary rebound could occur, though a further descent into the mid-to-low $70,000 range remains a plausible outcome. Additional analysis will be provided if these levels are tested.
Alternatively, the current price action may align with a previously discussed scenario—a potential false breakout—as both the short-term bullish flag formation and the 200-day MAs continue to hold firm.
This represents yet another critical inflection point for Bitcoin's price trajectory.
