Bitcoin has closed below the rising wedge support trendline on the daily chart, signaling potential bearish momentum.
The price is now testing the 50-day moving average (MA 50), which had been serving as a critical support zone around $115,000.
If this level fails to hold, analysts warn that Bitcoin could slide further, with the next major support zone seen around $93,000.
Traders are advised to watch the $115,000 region closely, as a confirmed breakdown could accelerate selling pressure in the short term.
𝗙𝗼𝗹𝗹𝗼𝘄 𝗢𝘂𝗿 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽 𝗖𝗵𝗮𝗻𝗻𝗲𝗹 𝗧𝗼 𝗚𝗲𝘁 𝗟𝗮𝘁𝗲𝘀𝘁 𝗡𝗲𝘄𝘀 𝗔𝘀 𝗜𝘁'𝘀 𝗗𝗿𝗼𝗽!
