According to Bitcoin's monthly chart, there is a 70% probability of a decline this month, with a drop expected between 5% and 15%.
Expected Levels:
76,000 USD: First strong support
72,000 USD: If broken, the decline may accelerate
65,000 USD: Potential bottom level during significant selling pressure
Why is a Decline Expected?
Monthly candle is a bearish candle: Selling pressure is strong.
SAR is giving a bearish signal.
RSI is 54.89, neutral but upward momentum is weak.
30-day price change -15.17%: This means the downward trend continues.
If there is a close below 76,000 USD, the levels of 72,000 – 65,000 USD may be tested.
Conclusion:
Bitcoin is likely to decline by 70% this month and may drop to the levels of 76,000 – 72,000 USD. If selling pressure continues, it could fall to 65,000 USD.
