🚨 Bitcoin Update – What’s Next After the Drop? 🚨
Good afternoon, Binance Fam! 💞 Hope you’re all doing well!
In my last analysis, I warned about Bitcoin’s potential pullback, and it has now dropped from $93,000 to $87,000, just as expected. While $BTC has long-term potential to reach $100K, $150K, or even $200K, a deeper correction could be on the horizon before the next major rally. Could we see $50K or even $40K first?
🔹 Bitcoin ($BTC /USDT) Market Overview:
💰 Current Price: $83,672 (-9.00%)
📉 24H Low: $82,464.84
📈 Resistance: $85,000 – A breakout could push BTC toward $87,500 and $90,000
📉 Support: $82,500 – A breakdown may lead to further downside toward $80,000 and $78,500
Market Insights:
📌 Parabolic SAR: Slight downtrend, indicating bears are in control
📌 MACD: Weak momentum, but showing signs of a possible reversal
📌 Volume: Still high, but no clear dominance from buyers or sellers
Trade Setup – Key Levels to Watch!
🔹 Long Entry: Above $85,000, targeting $87,500 and $90,000
🔹 Short Entry: Below $82,500, targeting $80,000 and $78,500
🔹 Stop Loss: $83,000 for risk management
💡 BTC is consolidating after heavy selling – the next breakout will determine its short-term trend! Are you bullish or bearish on Bitcoin’s next move? Drop your thoughts below! ⬇️
#Bitcoin #BTC #CryptoMarket #BitcoinUpdate #TradingSignals
