📊 Bitcoin Analysis: A pullback to 72k is likely
Current Price: 85k
Key Resistance Levels: 87k, 92k
Target Support: 72k
🔍 Why Bitcoin is likely to drop to 72k
1️⃣ Approaching Important Resistance Levels
Bitcoin is currently testing 85k and heading towards critical resistance at:
87k: A psychological and structural resistance level
92k: A higher resistance, aligning with the breakout target of the inverse shoulder and Fibonacci extension
These areas are historically prone to rejections and profit-taking, especially when momentum starts to wane.
2️⃣ Lack of volume support
The recent move from 72k to 85k occurred with declining or weak volume.
Strong breakouts require increased volume. Without it, the probability of a false breakout or sharp rejection increases.
Weakness in volume confirms that buyers are not fully supporting this rally at higher levels.
3️⃣ Bearish signals from RSI & MACD (Higher timeframes)
On daily and 4H charts:
The RSI is showing bearish divergence — the price is making higher highs, while the RSI is making lower highs, signaling a weakening of bullish momentum.
The MACD is leveling off or becoming bearish, indicating that bullish momentum is fading.
This classic combination of divergence + weak momentum increases the chances of a price reversal at resistance.
4️⃣ Failure to continue above resistance
Despite previously forming bullish patterns like a double bottom and inverse head and shoulders, Bitcoin has:
Failed to clearly break out with volume
Showed signs of exhaustion as it approached the 87k-92k resistance
If the price rejects these levels, it invalidates the bullish breakout attempt in the short term.
🎯 Expected Pullback Levels
If Bitcoin faces rejection at 87k or 92k:
82k: Interim minor support
78k-80k: Stronger support zone, near previous consolidation
72k: Important support target
Previous accumulation zone
Aligns with important moving averages (50/100 EMA) and trendline support
Acts as a critical psychological and technical level where buyers previously stepped in
✅ Summary:
Bitcoin is approaching key resistance at 87k and 92k with bearish signals from RSI and MACD on higher timeframes, weak volume, and clear signs of momentum exhaustion.
A rejection at these levels is likely, and the price is expected to pull back to 72k — an important support zone — before the market attempts to stabilize or reverse.
