📉 Analysis #BTC :
The price of Bitcoin has experienced a sharp decline after failing to break through the previous high, as weekly resistance reacted strongly to form a barrier against continued upward movement.
🔻 Recent movements have shown:
Formation of strong resistance at recent peaks.
A clear break of a key support area, weakening the buying momentum.
The price is gradually retreating with weak rebound attempts, followed by continued decline.
⚠️ Continued closure below the broken support levels may lead to further decline, while any rebound will not be strong unless the price returns above the broken resistance areas.