DENCHMON

BTC/USD – Technical OutlookBias: Bearish BTC/USD has completed the ABCD pattern and is now printing lower highs and lower lows, confirming a shift in market structure to bearish.Price is currently retesting a previous support, now turned resistance. If this level holds, it could open the door for continued downside; with the 68K–50K zone as a potential BTD (buy-the-dip) area.TARGET 1 (78K):A key structural zone. A clean break and close below this level would confirm bearish momentum and increase the likelihood of price falling.TARGET 2 (66K):Likely to act as a magnet; a previous resistance turned support that launched price toward 100K. A return here would retest the foundation of the previous rally to 100k.TARGET 3 (50K):From a fractal and psychological standpoint, double tops often retrace to the origin of the bullish move. In this case, around the 50K zone.Invalidation:A reclaim of 85K–90K would shift bias back to bullish, signalling potential for upside momentum.Bias: BullishReclaimed 85k and we are now pushing towards 90k resistance, as long as we hold above these levels we could see new highs.Bias: Bearish (Still holding)BTC/USD continued to face resistance at the 85k level after breaking below. A rejection at this key level has reinforced the downward bias, and price is now testing lower support zones.Key Levels to Watch:Resistance: The 85k zone remains a key level. If BTC fails to reclaim and hold above this level, the bearish momentum is likely to continue.Target 1 (78k)Target 2 (66k)Target 3 (50kInvalidation: A reclaim of the 85k–90k range would shift the bias back to bullish, opening the door for upside continuation. Any strong closes above this range would signal that the bearish scenario is invalidated.Bias: Neutral (Awaiting Confirmation)BTC/USD is currently testing a resistance zone at 85k–90k after breaking down from a symmetrical triangle earlier this month. The price has returned to this key level, putting the bearish bias from April 1st at risk of invalidation. The next directional move hinges on whether the price can break and hold above this range or reject and resume the downtrend.Key Levels to Watch:Resistance: The 85k–90k zone (currently at 87,809.62) is the pivotal level. A strong close above 90k would signal a shift to bullish momentum, while a rejection here keeps the bearish outlook alive.Support: Immediate support lies at 80k, followed by 76k and 66k. If the bearish trend resumes, these levels will be critical to watch.Upside Targets (If Bullish Bias Confirmed):Target 1: 100k (previous high from the symmetrical triangle)Target 2: 104k (potential extension if bullish momentum accelerates)Downside Targets (If Bearish Bias Holds):Target 1: 78k (first major support below 80k)Target 2: 66k (next significant support, as marked on the chart)Target 3: 50k (longer-term bearish target if the downtrend deepens)Invalidation: For the bearish scenario to remain valid, the price must reject the 85k–90k range and resume downward movement. A strong close above 90k (e.g., a daily or weekly close with high volume) would invalidate the bearish outlook, shifting the bias to bullish and opening the door for upside continuation toward 100k and beyond.If the price breaks above 90k but fails to hold and drops back below 85k, the bullish scenario would be invalidated, reinforcing the bearish bias.

BTC/USD has completed the ABC phases of the ABCD pattern and is now testing support above 95K. Holding this level could trigger a move back above 100K to complete the D phase. A break below C (95-94K region) could invalidate the pattern, shifting bias to bearish.

Bias: BullishThis idea is based round the idea of a long ranging period, which then leads to a large push higher.bias changeIf bias was to change, then a push below 92-90k would be expected.Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.Reanalysing the idea, the new big triangle wouldn't be likely due to the double test of the previous one and is we can see we have found support above 98kBTC.If we are looking at it Fractally, 107k is the target before a drop to 103k and a final climb to about 106k; We shall see its chosen direction from here... Who knows maybe the big triangle does play out.Unless specifically timed with a low chance of alteration by external forces, anticipating the exact timing of events is unrealistic.

Bias as of drawing this idea is Bearish...62K appears to be holding resistance as price falls to test for support.A failure could mean a new test of 50k again, a failure to find a support could mean we see a test of 40k and then 30k.

Take a seat... This here is the months chart, each candle equates to a month of price action. Last month as you can see finished very positive and so this month was likely to also follow trend. The weekly time frame shows that as of the last two weeks traders/investors of #BTC have been taking profit, but the buying pressure is still there as we can see pullbacks to 35k... Now we have a minor resistance to break... breaking there has the potential to push price up. Now a break of this minor resistance (38k) has the potential for price to climb to 50k (where we watch how price reacts) or we have a possible 50-60% discount (30-31k) to get in and climb to 50k. Worse case for #Bitcoin as of now we fail to break 38k and catastrophically drop. This is where that 12-10k price predictions comes in... Take the risk and prosper!!! | Nothing Here Is Financial Advice But Be Inspired|🌟🚀 🌟Comment: Touched 49k and seems to be rejecting 47k... holding above 41k and we could see price go higher, a failure and I'm saying 34k or lower (#BTC has not even started the 2024 halving yet)Comment: #BTC approaching 43k... By the end of the week we either above 50k or possibly rejecting around 46-50k.Comment: #BTC Above 51k!!!