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#BTC Bitcoin Technical Analysis:
From the chart, we can clearly see that the monthly candlestick chart has now closed below the long-term upward trend line, confirming a structural breakdown.
Bitcoin closed at approximately $76,000, breaking below the trend line that has supported it for over ten years. The current price has fallen about 20% from the recent high. This is no longer just a candlestick pattern or intraday deviation. The closing price confirms the loss of long-term momentum.
From the current position, the probability of continued decline is greater than an upward trend! The downtrend will continue unless the price decisively recovers the $80,000-$82,000 region.
Conclusion: The upward structure has shifted, and the downtrend is likely to persist!
Disclaimer: This analysis is for reference only. Buying and selling involve risks that you must bear yourself. I am not a financial advisor.