A rare bearish setup on Bitcoin points to a possible drop toward $43,500, which would be bad news for holders hoping the lows are already in.

• One warning sign stands out: falling momentum (RSI) across the last few big price swings.
• This kind of pattern often pulls Bitcoin down to a key moving average line.
• That line currently sits near $43,500, marking the downside risk.
• Despite the warning, the overall lean is still toward this being a bottom rather than the start of a bigger drop.

Outlook: If the bearish signal plays out, Bitcoin could slide toward $43,500, but a low forming here is seen as more likely.

## Bitcoin Levels

• **Bias:** Neutral-to-bullish overall, but one bearish signal in play
• **Support:** $43,500 (21 EMA)
• **Targets:** $43,500 downside if the bearish setup plays out