After a correction from the $80,000 area, the price of Bitcoin rose towards the $95,000 area. However, after this movement, the price resumed its downward trend and is now moving back towards the $85,000 level.
The main question at this stage is whether this area can act as psychological support and stabilize the price, or if selling pressure will continue.
As I mentioned before, my bias on Bitcoin is still bearish on the higher time frame. From a broader perspective, I still consider the range of $60,000–$70,000 as a major target for a decline.
However, the bearish momentum has weakened recently. As a result, in the short term, Bitcoin is likely to experience volatility confined between $85,000 and $95,000 over the coming days.
A clean break below $80,000 does not seem likely in the near term, unless a significant fundamental or news event occurs that leads to renewed strong selling pressure.
⚠️ Disclaimer:
This analysis is for educational purposes only and does not encourage trading in futures or any prohibited transactions. The goal is to illustrate potential market movements, not a direct recommendation to buy or sell.
💡 Important notes:
- This analysis is for educational purposes only.
- Please study the market and make decisions based on your ability and risk tolerance.
- The author is not responsible for others' trading or their profit outcomes.
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