Bitcoin just broke below the ascending trendline, signaling a potential shift in price action. Based on Elliott Wave analysis, wave-4 appears to be unfolding at this stage. Traders are watching the key support level sitting around $92,992—a critical zone that could determine the next directional move. This breakdown is worth monitoring closely as it may indicate consolidation before the next major impulse.
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ForeverBuyingDips
· 5h ago
It's breaking below again, I knew it would happen...
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DeFiCaffeinator
· 5h ago
Broke below the trend line again. Can we hold at 92K this time? Feels like we're going to be stuck here in a back-and-forth for a while.
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RektButAlive
· 5h ago
It has broken below the trend line again, and I still need to continue holding the 92,000 level.
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SellLowExpert
· 6h ago
Here we go again. Is this really the drop that will break below this time, or is it just another false alarm?
Bitcoin just broke below the ascending trendline, signaling a potential shift in price action. Based on Elliott Wave analysis, wave-4 appears to be unfolding at this stage. Traders are watching the key support level sitting around $92,992—a critical zone that could determine the next directional move. This breakdown is worth monitoring closely as it may indicate consolidation before the next major impulse.