MARKET MELTDOWN ALERT: $BTC at $91k BREAKING POINT
Bitcoin ($BTC/USDT) is trading dangerously close to the psychological $90,000 level and testing a critical support zone that mirrors the 2022 market top.
The Double Top Pattern: The large weekly structure for 2025/2026 is forming a massive "M" (Double Top) pattern, almost identical to the structure that preceded the brutal 2022 crash.
The Setup: BTC failed to sustain the push above $110,000 (the first purple resistance line in the chart), signalling exhaustion.
The Neckline: Price is now plummeting toward the final line of defence, the Neckline (the second purple support line) around $71,000 - $75,000.
The Breaking Point: Current price is hovering around $91,262. News sentiment is at "Extreme Fear," and analysts warn of a potential drop below $90,000.
If the $90,000 support fails, the next target for the bears is the $71k neckline.
If the $71k neckline breaks, the measured move of the Double Top could confirm a full-blown bear market.
Action: Short-term caution is mandatory. Do NOT attempt to catch a falling knife. Wait for a clear sign of defence above $90,000 or a confirmed bounce off the $71k level.
