📉 Is history repeating itself in $BTC?
Bitcoin loses the support of 107,000 USD, breaking bullish structure on the 4H timeframe and marking lower highs and lows. The area between 104k and 102k now takes center stage as a possible target if selling pressure continues.
🟠 This technical pattern coincides with that of the week of May 27 to 29, 2024, right during last year's Bitcoin Conference, where after a similar structure, a drop of -31% in the price of $BTC occurred.
📆 Historically, the third quarter is the weakest for cryptocurrencies. The confluence of technical breakdown + seasonal context suggests caution.
🔍 Key levels:
Resistance: 108,500 USD
Current support: 106,000 USD
Bearish targets: 104k – 102k – 98k
Critical zone: Daily close below 104k activates greater correction
📊 Conclusion: If the price does not recover the 108k area with strength and volume, the most likely path is towards lower zones. Will BTC repeat the bearish history of 2024?
