BTC Technical Outlook: Bitcoin Extends Sell-Off as Price Falls Toward Key Demand Zone
BTC continues its sharp decline after multiple rejections in the $117,000–$120,000 region, where a clear triple-top pattern formed, signaling exhaustion and triggering strong bearish momentum. This breakdown pushed BTC below the 20 EMA ($96,200), 50 EMA ($103,500), and 100 EMA ($107,300) — confirming a decisive trend reversal.
Price has now dropped into the $84,000–$86,000 support region, showing only a weak reaction so far. A daily close below $84,000 would expose the next major downside target at $80,600, w