Bitcoin Technical Analysis – Possible Drop Incoming?
2025-02-12
Category: None

BTC is testing a key resistance zone after breaking down from an ascending channel.
A descending trendline is acting as resistance, preventing further upside movement.
The rejection from this level increases the probability of a bearish continuation.
A potential breakdown could push BTC toward $93,000, aligning with a strong demand zone.
⚠️ Key Levels:
📌 Resistance: $96,300 – $96,500
📌 Support: $93,000 – $93,300

🔻 If price fails to break above resistance, a downward move is likely. Bears should watch for confirmation before entering short positions.

💬 What’s your take? Will BTC drop, or is another breakout coming? Let me know in the comments! 👇