Eseandre Mordi
⬤ Bitcoin has slipped below recent consolidation levels on the daily chart, approaching a critical support zone. Price action shows BTCUSD breaking beneath former trend lines and horizontal support that held during the previous uptrend, shifting focus to lower demand areas that could activate if selling continues.
⬤ A potential decline into the $75,000–$68,000 range could trigger the next major phase of the broader move that started earlier. This zone represents a key downside target marked by prior price reactions and structural support. The dip into this range wouldn't invalidate the larger bullish picture—instead, it may function as a reset before the next significant advance.
A dip into the $75K–$68K zone serves as a reset point before the next major advance, with altcoin participation confirming broader market strength.
⬤ The projected path suggests a strong bounce from the lower support zone could spark a rally toward the $130,000–$150,000 area. However, how altcoins respond during any recovery will be crucial—widespread participation across the crypto market would confirm real strength rather than just a Bitcoin-isolated move.
⬤ Current price behavior looks more corrective than like a trend reversal, with momentum cooling after the recent rally. The structure indicates Bitcoin still has room to complete this downside leg before attempting another push higher, depending on how it reacts at the highlighted support zones and whether the broader market joins in.
Eseandre Mordi
