Bitcoin: One More Leg Down If It Closes Under $80,990
Bitcoin is flashing a short-term bearish signal that points to a deeper pullback before any recovery.
- A key two-day chart setup will trigger a bearish signal if Bitcoin closes below about $80,990.
- If that happens, the drop is expected to extend down toward the $76,000–$77,000 zone, possibly with a brief dip even lower before buyers step back in.
- A bounce is typically expected once that lower zone is reached, suggesting the pullback would be temporary rather than the start of a bigger collapse.
Outlook: Watch for a daily close below $80,990 — if it happens, expect a slide toward the mid-$70,000s followed by a likely bounce.
## Bitcoin Levels
- **Bias:** Bearish in the short term, with a bounce expected after the drop
- **Sell / take profit:** Below $80,990 confirms the bearish setup
- **Support:** $76,000–$77,000
- **Resistance:** $80,990
- **Targets:** $76,000–$77,000 (with a possible brief wick lower)
- **Invalidation:** A close back above $80,990