BTC Technical Outlook — Breakdown After Triple-Top Rejection

Bitcoin has confirmed a clear triple-top rejection near the $119K–$126K resistance zone, triggering a strong downside reversal. Price has now broken below the key 0.236 Fib ($101,137) and fallen toward the major support at $93,397, where buyers are attempting to stabilize.

BTC is trading well under the 20/50/100/200 EMAs, all of which are now stacked bearishly, signaling strong downward momentum. The EMA cluster between $103K–$110K will act as a heavy resistance barrier on any bounce.

A recovery above $105K (0.382 Fib) is the first step for bullish momentum. Above that, BTC must reclaim $109,795 (0.5 Fib) and $113,665 (0.618 Fib) to invalidate further downside.

If BTC loses the $93K support, the next liquidity zone sits near $88K–$85K, which could attract stronger buying interest.

RSI remains weak at 32, hovering near the oversold region but still showing no strong reversal signal.

📌 Key Levels
Support: $93,397 • $90K • $88K–$85K
Resistance: $101,137 • $105,925 • $109,795 • $113,665 • $119,174

EMAs:
20 EMA — 103,757
50 EMA — 108,159
100 EMA — 109,978
200 EMA — 107,578

RSI (14): 32 — bearish, near oversold

📊 Summary
BTC is under strong selling pressure following a triple-top rejection, with price currently sitting on crucial support. Bulls need to reclaim $101K–$105K to regain short-term strength, while losing $93K opens the door to deeper correction.

$BTC
#BuyTheDipOrWaitNow?