Bitcoin is consolidating in a falling wedge pattern following the heavy selling that started from the $92k-$94k overhead resistance zone. The momentum has eased off, though the bearish bias remains intact with a series of lower highs forming.
Watch these levels closely:
• Support zone: $85.5k–$86k range. This area already saw its liquidity on the downside get absorbed, which could offer a temporary floor.
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MetaMaskVictim
· 12-21 10:53
Can that barrier of 85.5k really block us? I feel a bit skeptical.
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SelfCustodyIssues
· 12-20 09:44
85.5k is the key to holding on, or it feels like a break below.
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WalletDoomsDay
· 12-20 04:27
Is it really possible to live in this 85.5k spot? Feels uncertain.
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MysteryBoxOpener
· 12-18 13:49
85.5, this threshold still needs to be guarded against. The feeling of liquidity being drained dry isn't very good.
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AllInAlice
· 12-18 13:38
Here comes the falling wedge again. Can it break 85.5k this time?
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ZkProofPudding
· 12-18 13:36
It seems that the 85.5k level has been hit once before. Whether it can hold steady is really uncertain.
Bitcoin is consolidating in a falling wedge pattern following the heavy selling that started from the $92k-$94k overhead resistance zone. The momentum has eased off, though the bearish bias remains intact with a series of lower highs forming.
Watch these levels closely:
• Support zone: $85.5k–$86k range. This area already saw its liquidity on the downside get absorbed, which could offer a temporary floor.