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10 hour ago
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BEARISH 📉 : Bitcoin falls below key support, questions arise on deeper sell-off

Bitcoin has fallen below a critical support zone, indicating potential for a deeper sell-off. Traders are monitoring key levels to assess if a further decline is imminent.

Price Faces Another Rejection

  • Bitcoin experienced a strong rejection, breaking below key support levels.
  • Price remains below the $85,200–$86,200 resistance zone, maintaining bearish pressure.
  • Short-term attempts at rebound are seen as technical counter-bounces.
  • The $85,200–$86,200 zone is crucial; reclaiming it may signal fading selling pressure and potential stabilization.
  • If not reclaimed, risk of downside accelerates towards the $72,300–$75,300 support zone, which could act as a reversal region.

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CME Gap Opens: Weekend Outlook

  • CME gap expected to be filled by Sunday, introducing potential short-term volatility.
  • Scenarios include further liquidation of leveraged longs or retesting secondary support at $81,800.
  • If $81,800 support holds, Bitcoin might move sideways or approach the $84,800 resistance.
  • Likely scenario involves a move through $84,500 toward $86,463, followed by a retest of $84,500 as CME gap fills.

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