BTC/USD Bearish Breakdown: Descending Triangle Targets $80K

Wait 5 sec.

BTC/USD Bearish Breakdown: Descending Triangle Targets $80KBitcoin / TetherUSBINANCE:BTCUSDTWallStreetPremiumChart Analysis (1H Timeframe): BTC is flashing a classic bearish signal with a descending triangle formation—lower highs along the declining resistance (white downtrend line) meeting higher lows on the ascending support (white uptrend line). We've seen a clean breakdown below support on rising volume, confirming seller control. Momentum indicators show persistent bearish crossovers and "Bear" signals dominating, with no strong bullish reversal in sight. Short-Term Outlook: Price could slide to $80,000–$82,000 soon, based on the pattern's measured move (height projected down from the break, ~$5K–$7K drop). Watch for acceleration below $85,730 lows. Ideal short setup: Enter on retest of broken support (~$89K as stop-loss), targeting the zone for a solid 3:1+ risk-reward. Validation & Risks: Pattern Strength: Triangles like this break bearish ~70% in downtrends; multiple touches on both lines add reliability. Confirmation: Volume spike on downside + negative divergence seals it. Invalidation: Quick reclaim above support flips this bullish—stay nimble. Not financial advice—trade at your own risk. What's your take? #BTC #Crypto #Bearish