A technical analysis on TradingView suggests that Bitcoin may be heading towards a crucial moment, potentially breaking below key support levels. The analysis points to weakening buying pressure and the possibility of a drop to $80,000 or even $73,000 in the near future. Bitcoin has been fluctuating between a resistance zone at $108,000 and a support level at $93,000, with the latter being tested multiple times. The recent rebound at $93,900 has not led to a decisive recovery, and momentum fading from buyers increases the likelihood of a break below $93,000. If this happens, a decline to $72,000 could occur, although a minor support level at $78,900 may prevent a drastic fall. The analysis suggests that Bitcoin is currently experiencing a period of consolidation and indecision rather than outright bearishness. Both bullish and bearish scenarios are possible, with a potential rally above $100,000 or a breakdown below the support level. If the $93,000 support holds, Bitcoin may gain momentum for another rally towards a new all-time high around $113,220. At the time of writing, Bitcoin is trading at $96,470, down 2% in the past 24 hours and 11.5% from its all-time high.



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