š Why Bitcoin is Likely to Fall to 72k 1ļøā£ Approaching Major Resistance Levels Bitcoin is currently testing 85k and heading towards critical resistance at: 87k: A psychological and structural resistance level 92k: A major resistance, aligning with the inverse head and shoulders neckline breakout target and Fibonacci extension These areas are historically prone to rejections and profit-taking, especially when momentum starts fading. 2ļøā£ Lack of Volume Support The recent move from 72k to 85k has occurred on declining or weak volume. Strong breakouts require rising volume. Without it, the likelihood of a false breakout or sharp rejection increases. Volume weakness confirms that buyers are not fully supporting this rally at higher levels. 3ļøā£ Bearish RSI & MACD Signals (Higher Timeframes) On the daily and 4H charts: RSI is showing bearish divergence ā price is making higher highs, while RSI is making lower highs, signaling weakening bullish momentum. MACD is flattening or turning bearish, indicating that upside momentum is fading. This classic combination of divergence + weak momentum increases the chances of a price reversal from resistance. 4ļøā£ Failed Follow-Through Above Resistance Despite previously forming bullish patterns like a double bottom and inverse head and shoulders, Bitcoin has: Failed to break out cleanly with volume Shown signs of exhaustion as it approaches 87k-92k resistance If the price rejects these levels, it invalidates the bullish breakout attempt in the short term. šÆ Expected Pullback Levels
If Bitcoin faces rejection at 87k or 92k:
82k: Minor interim support 78k-80k: Stronger support zone, near previous consolidation 72k: Major support target Previous accumulation zone Aligns with important moving averages (50/100 EMA) and trendline support Acts as a critical psychological and technical level where buyers previously stepped in ā Summary:
Bitcoin is approaching key resistance at 87k and 92k with bearish RSI and MACD signals on higher timeframes, weak volume, and clear signs of momentum exhaustion. A rejection at these levels is likely, and the price is expected to pull back towards 72k ā a major support zone ā before the market attempts to stabilize or reverse.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.Ā See T&Cs.
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