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📉 Bitcoin’s price is currently approaching a major resistance level.
📊 We can see that the price has run into a strong resistance (Resistance) zone between $80,000 and $84,000. Bitcoin failed to break through this zone multiple times, confirming massive sell pressure from whales who refuse to let the price move above this peak for now. Buying momentum has clearly started to fade at these critical levels. 🛑📉
⚠️ Bitcoin’s price will face a sharp drop in May, reaching its lowest levels
📉🌋 Technical indicators are painting a terrifying scenario for next May. After failing at resistance, a free fall in price is expected.
The price is heading straight to break the previous Demand zone and then drop to test the ascending Support line.
The outlook suggests a sharp decline that could bring Bitcoin’s price to $68,000—an area where the fate of the entire market may be decided. If this support is broken, we may see lower levels we haven’t seen since the beginning of the year. 📉🌑
💾 Save this chart now, because you may need it later.
⏳📌 In the coming weeks—history repeats itself. When assets fail to break historic resistance, the correction becomes brutal and painful for traders who aren’t prepared.
Tip: Watch the $78,136 level closely (the current price on the chart). Any daily close below this level will be the first shot on the downward journey toward the 68k. Be ready to lock in profits or hedge, because May could be a digital bloodbath. 🩸💸
$BTC