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#bitcoin Bitcoin (BTC/USD) is showing signs of a possible bearish reversal.
The price has been rejected several times at a strong resistance zone, which has built up selling pressure. After that, Bitcoin broke below its upward trendline – a clear signal that bullish momentum is weakening and a bearish setup may be forming.
The RSI is at 42.74, moving lower but not yet in the oversold zone. This means there’s still room for Bitcoin to fall before a possible bounce.
The next key level to watch is the 200-day EMA around $103,179, which acts as strong support. If Bitcoin keeps dropping, this level will be tested. The bearish target zone is between $100,720 – $100,419, where buyers may step in.
If the 200 EMA fails to hold, Bitcoin could see deeper downside. For now, bullish traders should stay cautious, as the recent uptrend looks und
er pressure.