Technical analysis by ijaz_crypto about Symbol BTC on 4/16/2025

Bitcoin is approaching a key decision area after a few months of downward pressure. The chart shows a clear bearish structure with lower highs and lower lows. Recently, a possible double top has formed just below the major resistance near 88.668, which could suggest a short-term pullback if buyers don't step in.If the double top plays out, a retest of the support zone between 78.576 and 82.000 is likely. This zone has held well in the past and could act as a strong base again.However, if price manages to break and hold above 88668, that would be a strong signal of strength. It could mark a shift back to a bullish trend, with the next major target being the all-time high area around 108.360.Key areas to watch:Support: 78.576 to 82.000Resistance: 88.668 and 108.360Right now, Bitcoin is at a make-or-break point. A breakout could trigger a strong rally, while rejection may lead to another dip. Stay patient, watch how price reacts at these levels, and let the market confirm the next move.