Bitcoin (BTCUSD) Shows Bearish Signs as Price Breaks Key Support Levels

BTCUSD remains bearish as price breaks key support zones. The rejection from the $85,010 order block confirms strong selling pressure, preventing buyers from reclaiming control. A decisive break below this structure suggests further downside potential, with lower support levels in focus. If the price remains below $85,010, bearish momentum could push it toward the next support zone. Sellers are currently in control, and unless bulls regain strength, further declines are expected.

 

Market sentiment aligns with a bearish bias, and failure to reclaim key resistance could accelerate the sell-off. Market participants may need to monitor price action closely for signs of a reversal or continuation. With current market conditions, BTCUSD could decline toward the $66,780 support level, where buyers might attempt to step in. If this level fails to hold, further downside could extend toward $53,500, a critical demand zone. Any bullish reversal would require a break above the bearish order block, which is currently acting as resistance.

BTC Key Levels

Supply Levels: $100,000, $108,400, $115,000
Demand Levels: $85,010, $66,780, $53,500

What are the indicators saying?

Bitcoin is currently trading at $83,750, below the 9-period SMA at $85,690, signaling a short-term bearish trend. The Stochastic Oscillator is at 34.16 and 52.27, indicating weakening momentum and a potential shift toward oversold conditions. This suggests that further downside movement is possible before a corrective bounce occurs.

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