Bitcoin (BTC) is facing increasing pressure as key support levels are being broken, raising concerns about the recent upward trend coming to an end. The leading digital currency is trying to maintain its profits, but technical indicators suggest a possible start of a downtrend. Analysts predict that if the current support level is not regained, the next support is at $70,000. Resistance levels remain strong at $85,000 and $88,000. A daily closing price below $83,000 could turn this level into resistance and increase selling pressure. Recent upward momentum is weakening, with the Relative Strength Index (RSI) approaching a critical threshold, confirming the end of the upward trend if it drops below. Short-term traders are eyeing $81,600, and a drop below this level could push the price down to $80,000 and even $78,500. Key resistance levels include $83,500, $85,000, and $88,000. Despite the current downward pressure, Bitcoin’s long-term outlook remains uncertain and depends on macroeconomic factors and overall market sentiment.
