Bitcoin (BTC) at a Critical Crossroad: Technical BreakdownBitcoin / U.S. dollarBITSTAMP:BTCUSDamingzBTC is currently testing a pivotal support level that will determine its intermediate-term trajectory. The Technical Setup: · Price is approaching a decisive test of its intermediate-term ascending trendline support. · The $96,000 zone acts as the key structural foundation for the recent bullish trend. The Potential Scenario: A confirmed breakdown below$96,000** would signify a break in the bullish market structure. This could initiate a deeper corrective phase, with the next significant support confluence located around the **$78,000 level. A sustained move below $78,000 would likely shift the broader market sentiment to bearish. Key Implication: The market's reaction around the$96,000 level is critical. Traders and investors should monitor this zone closely, as its failure could open the path for a substantial correction. This analysis is based on classical technical principles and is for informational purposes only. It is not financial advice. #Bitcoin #BTC #Crypto #TechnicalAnalysis #Trading #MarketAnalysis #Finance #RiskManagement