Technical analysis by ChartingMarketInsights about Symbol BTC: Sell recommendation (4/16/2025)

This chart shows Bitcoin facing rejection from a descending trendline, indicating potential bearish momentum. After testing the trendline resistance near $85,159, the price dropped sharply, suggesting sellers are in control.The highlighted lower zone between $82,989 and $83,542 represents a key support area. If Bitcoin breaks below this zone, it could potentially move further down toward the next support around $80,842.On the upside, the resistance zone between $85,159 and $86,987 needs to be broken for any bullish reversal. Until then, the overall market sentiment remains bearish with a possible continuation to the downside.tarde continue lets go