⚠️ $BTC in trouble — sellers are in control and the downward trend is accelerating!!!!
Bitcoin is losing momentum again, struggling to stay above the $115,000 barrier.
📉 The negative trend line on the hourly chart is pressing hard, and resistance at $115,400 - $115,500 is preventing any rebound.
🔍 Possible scenarios:
- Break of $115,500? We might see a rebound towards $118,500 then $121,500.
- Break failure? The drop could continue towards $112,000 then $110,000, with the risk of reaching $108,000.
📊 Technical indicators:
- MACD is in the negative zone and weakening.
- RSI below 50, reflecting sellers' dominance.
- Fibonacci 23.6% broken, and 50% at $118,500 is the next target in case of a rebound.
🧠 What does that mean?
The market is at a critical moment. Any break or failure will determine Bitcoin's direction in the coming days.
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