📉 BTC Trend Check — Is $85K the Key?

A top Deribit manager argues the bullish trend is broken and won’t recover until BTC retakes $85,000.

Current range: $60K–$70K, roughly 45% below the October peak, and the market is now in its fourth consecutive weekly decline.

Key levels to watch:

‱ Hold $60K → risk of consolidation or relief bounce

‱ Break below $60K → next support around $58K (200-week SMA), historically a strong reversal zone

Is this a panic zone or an opportunity zone?

Markets often bottom where the pain is highest — but only price action confirms the turn.

#bitcoin #CryptoMarket #TechnicalAnalysis_Tickeron #MarketCycles #MISTERROBOT

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