$BTC - Still More Downside to Come for Bitcoin?Bitcoin / US DollarCOINBASE:BTCUSDMannyLoInstitution's are buying, Saylor isn't selling, but technical analysis shows something different. Bitcoin remains within a long-term ascending parallel channel that began in late 2022. The structure suggests that BTC has been respecting this bullish channel, but it’s currently testing a key mid-channel support which is a critical make-or-break zone for the next 60–90 days. Fibonacci support sits at $97,500 (0.236) which is a key pivot. A sustained break below could drive BTC toward the $80,000–$85,000 zone (0.382 Fib), where strong structural and volume support lies. The MACD has turned bearish, momentum is fading, and the RSI is trending lower but not yet oversold, suggesting further downside room. Volume analysis shows a high concentration of buying interest between $60k–$70k, implying that any deep correction into that range would likely attract strong accumulation. Stochastic and WaveTrend indicators also confirm short-term bearish momentum that could last several weeks before a rebound. Where are we heading: Base case: BTC consolidates between $80k–$95k over the next 60–90 days before resuming its uptrend toward $120k–$130k in 2026. Bullish scenario: A sharp bounce above $100k–$105k could reignite momentum toward new highs. Bearish scenario: A break below $79k opens risk to $65k. Outlook: Short-term corrective, long-term bullish. The next two months likely bring consolidation and shakeouts before Bitcoin’s next major leg higher. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. I am an amateur investor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on here, expressed or implied herein, are committed at your own risk, financial or otherwise. Feel free to give us a follow and shoot us a like for more analysis updates.