Bitcoin Price Analysis – Bearish Momentum Grows
Bitcoin has broken down below the rising parallel channel on the 4-hour chart—a technically bearish sign that may indicate increased downside risk.
Current Price: $93,821
Broken Support Level: ~$94,500
Next Key Support: $89,992
Stop-Loss (Short Positions): Above $95,715
Caution: Until BTC reclaims the broken support zone, long positions carry elevated risk. Current momentum favors bearish pressure.