📉 #Bitcoin could drop even further: Technical keys for this week 💣🔍
🔹 Pivot point: 107150 USD
As long as the price remains below this level, the bearish trend continues to be dominant.
🔻 Preferred bearish scenario:
BTC faces strong resistance at 107150 USD
Possible bearish targets: 104240 USD and 103460 USD
🔼 Alternative scenario (bullish):
Breaking 107150 could lead the price to 108460 and then 109240 USD
📊 Technical indicators:
RSI < 50 ➡️ Negative momentum
MACD below the signal ➡️ Selling pressure
Price below the 20 and 50 period moving averages ➡️ Confirmed bearish setup
(Moving averages at 106907 and 107348 respectively)
