Bitcoin Slips Below Key Support Levels, Risks Deeper Pullback

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.