Bitcoin has slipped beneath several important support levels after setting a new all-time high earlier this month. Given the current market setup, the short-term outlook points toward a higher chance of further downside.
By Shayan
The Daily Chart
On the daily timeframe, the market has been steadily moving lower, breaking beneath the major descending channel, the $110K support area, and the 100-day moving average that aligned with it.
Losing these critical levels increases the likelihood of a deeper decline, with the next downside targets sitting around the $104K fair value gap or even the 200-day moving average near the psychological $100K zone.
Since the RSI is also holding below 50, momentum clearly favors the bears, making continued downside the most probable outcome.
The 4-Hour Chart
On the 4-hour chart, the market is in a clear downtrend, forming consistent lower highs and lows within a tight descending channel. The $117K and $110K supports have both been broken decisively and re
We współpracy z: https://cryptopotato.com/bitcoin-price-analysis-is-btc-set-to-break-down-below-100k/
