Yashab Ashraf

#btc Mark my words
📊 Bitcoin Analysis: A Pullback to 72k Likely

Current Price: 85k
Key Resistance Levels: 87k, 92k
Target Support: 72k

🔍 Why Bitcoin is Likely to Fall to 72k
1️⃣ Approaching Major Resistance Levels
Bitcoin is currently testing 85k and heading towards critical resistance at:
87k: A psychological and structural resistance level
92k: A major resistance, aligning with the inverse head and shoulders neckline breakout target and Fibonacci extension
These areas are historically prone to rejections and profit-taking, especially when momentum starts fading.
2️⃣ Lack of Volume Support
The recent move from 72k to 85k has occurred on declining or weak volume.
Strong breakouts require rising volume. Without it, the likelihood of a false breakout or sharp rejection increases.
Volume weakness confirms that buyers are not fully supporting this rally at higher levels.
3️⃣ Bearish RSI & MACD Signals (Higher Timeframes)
On the daily and 4H charts:
RSI is showing bearish divergence — price is making higher highs, while RSI is making lower highs, signaling weakening bullish momentum.
MACD is flattening or turning bearish, indicating that upside momentum is fading.
This classic combination of divergence + weak momentum increases the chances of a price reversal from resistance.
4️⃣ Failed Follow-Through Above Resistance
Despite previously forming bullish patterns like a double bottom and inverse head and shoulders, Bitcoin has:
Failed to break out cleanly with volume
Shown signs of exhaustion as it approaches 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: Minor interim support
78k-80k: Stronger support zone, near previous consolidation
72k: Major 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 RSI and MACD signals 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 towards 72k — a major support zone — before the market attempts to stabilize or reverse.