Is the next drop to 86K dollars?

The recent set of bitcoin is slowing down after struck a highly significant resistance zone. Three clear technical factors suggest that the local top can be formed, and the short term move is more likely.

During the weekend, the price of Bitcoina started to stop after a strong movement in the last few weeks. The refusal does not occur randomly, it happens at the level of packaging technical resistance. If this area is still held as a ceiling, it can confirm the local top for now, potentially launches correction to lower levels. Here’s what to watch the new week begins.

Key technical points

• High resistance channel: The price was rejected right to the top of the long-standing trend channel
• Control point: Node with a high amount from the november 2024 range. It acts like resistance
• A shark bear sample: The harmonious setting is now activated, indicating the potential trend reversal

Detailed failure

Bitcoin has been constantly climbing the past, but that fog hit the wall on the upper border of the trend channel, which is in place late 2024. Years. These levels often act as natural milestones, and this refusal can signal that Ustkreing money.

In addition to the channel, Bitcoin also reacts to the control point from the large range dating on November 2024. POC represents the price in which mostly volume is traded and is usually battle bull bulls. Currently, sellers show strength at this level.

And finally, the bear harmonic sample of the shark ended in this resistance zone. Harmonic samples like sharks are based on Fibonacci Simeters and are known to signal the points of turning on the market. Although the form was activated, a complete confirmation would come with a breakup below the recent momentum of low than $ 91,648, which remains intact for now.

If it is a little violated by a strong amount, it could start a stop cascade and start a deeper correction, which is possible to direct a range of $ 86,000. This would be harmonized with the nature of the recent bitcoin rise for fast and steep, which left limited structural support below.

What to expect in the upcoming price of the store

Until interrupting key support levels, the return may remain a healthy break. But if $ 91,600 was lost, it could mark the beginning of the correction of correction of deeper correction. Short-term bias tends to the group until Bitcoin has below resistance. The bulls will need to quickly regain the upper zone to regain control of the trend.