Bitcoin has surged to $BTC 96,000, but it's encountering strong resistance in the highlighted green zone. Despite recent bullish momentum, price action suggests a potential fake breakout is unfolding.
Key Levels to Watch:
If BTC$BTC fails to hold above this resistance zone, downside pressure could intensify.
A breakdown could trigger a move toward the $BTC 69K–$70K range, as projected in blue.
Momentum is waning — bulls must step in soon or risk losing control to the bears.
What This Means:
This is a critical inflection point. A confirmed rejection from the green zone could accelerate a bearish reversal. Traders should monitor price action closely before entering new positions.
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