BTCUSD at Major Resistance – Will Sellers Take Control?
BTCUSD reached a significant resistance zone. This zone has consistently acted as a key area of interest where sellers regained control, leading to prior reversals.
If the price confirms a rejection through bearish price action, such as wicks signaling rejection or bearish engulfing candles, I anticipate a move downward toward the $101,155 level.
However, if the price successfully breaks and holds above the resistance zone, this would invalidate the bearish outlook and could open the door for further upside. Traders should monitor price action closely at this critical resistance area.
Let me know your thoughts or if you see an alternative perspective!