This BTC/USD 1-hour chart illustrates a critical support zone retest following a breakdown from an ascending trendline. The price has recently dipped to $79,945, reflecting a -1.93% decline, but remains within a significant support range, suggesting a potential rebound.
The Central Reversal Zone around $85,000 - $90,000 serves as the next major resistance if Bitcoin follows the projected recovery path. Traders should monitor whether the price holds at support, confirming a bullish reversal, or breaks lower, signaling further downside. A breakout above $90,000 could lead to a rally towards $96,000 - $100,000.
The Central Reversal Zone around $85,000 - $90,000 serves as the next major resistance if Bitcoin follows the projected recovery path. Traders should monitor whether the price holds at support, confirming a bullish reversal, or breaks lower, signaling further downside. A breakout above $90,000 could lead to a rally towards $96,000 - $100,000.
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