$BTC (1D) – update

After being oversold two weeks ago, BTC bounced but failed to reclaim the long-term descending trendline from the October ATH.

Price was rejected at that downtrend multiple days in a row.

That rejection is now pushing Bitcoin below the pennant and back into the 67K–62K range.

A bearish cross is forming on the Stoch RSI, but it still needs confirmation below the 80 level.

From here:

- Bullish: a higher low forms and price reclaims the descending trendline

- Bearish: the Stoch RSI confirms and 62K becomes the next support area to watch