Warning, Possible Market Fall

[JeffBrad12]

The price resistance is pretty decisive, if we failed to break through, it is pretty much a confirmation for bearish market.
$55k is where it will be and since in Q3 of 2024 it was a long descending until breakthrough, I expected roughly the same length of time needed for bitcoin to breakthrough again if that really gonna happen.
Prepare for half year long consolidation in that area.

[mobilestrike]

Yeah, it is true that the market will keep falling, there are green days and we should be considering this as not a good thing because we are talking about a scenario where it will make people think that it's a good thing and then it will be terrible on the long run.

We can't really get anything good out of this and for that reason we are having some trouble for the long term. I think it is going to be tough, and we should be looking into this as something heavy and you need to plan for long term for easy profit making.

[Ndabagi01]

When the market breaks a support zone and it is now trading below that price, it is no more evident that the support zone becomes the new resistance zone and the probability of the market breaking above it now becomes harder and even impossible. We are in the bear market, so we should be looking to how the market will go further down, with a prepared mind, it would not be a surprise again when it happens. The market is already getting stronger favoring the bearish trend more by the way, so there is no tendency that we would see the market trade above that price now. A bearish move is more likely to happen now again than a bullish move in the market.

[Akbarkoe]

The price resistance is pretty decisive, if we failed to break through, it is pretty much a confirmation for bearish market.
$55k is where it will be and since in Q3 of 2024 it was a long descending until breakthrough, I expected roughly the same length of time needed for bitcoin to breakthrough again if that really gonna happen.
Prepare for half year long consolidation in that area.

The resistance level is now at $70k which is very difficult to maintain it has tested it several times but still failed and sales increased when the price broke $70k, The closest support price is at the $65k price level and the closest for now is at the $60k price because the previous price drop wick did not break through it and bitcoin rebounded afterwards, if we still maintain this support then consolidation could have a period of time as you said, but if it can rise above $70k in the last few weeks we have little hope of continuing the increase at least consolidation or sideways can be above ATH 2021.