BITCOIN Outlook: Watch for a Drop Toward $85100

2 Nis

BTCUSD has reached a key resistance level, an area that has been a key point of interest where sellers have regained control, leading to notable reversals in the past. Given this, there is potential for a bearish reaction if price action confirms rejection, such as a bearish engulfing candle, long upper wicks or increased selling volume.

If the resistance level holds, I anticipate a downward move toward 85,100$, which represents a logical target based on previous price behavior and market structure.

However, if the price breaks above this zone and sustains above it, the bearish outlook may be invalidated, leading to further upside.

Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with solid risk management.

4 Nis

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