BTCUSDTBTCUSDT SPOTBYBIT:BTCUSDTHAMED_AZHello Traders! 👋 What are your thoughts on Bitcoin ? Bitcoin continues to trade within a broader bearish structure, with price still below the well-defined descending trendline. However, over the past two months, price has mainly been moving within a trading range, experiencing several back-and-forth swings. After reaching the $58,000 area, Bitcoin found support and rebounded from this zone. At the moment, this corrective move is expected to continue toward the key resistance zone highlighted on the chart. This area contains several important technical resistance factors, with the 0.5 and 0.618 Fibonacci retracement levels located within the zone and the descending trendline also converging around the same area. This technical confluence could turn the zone into a strong supply and resistance zone. As Bitcoin reaches this zone, we expect a rejection and the development of the next bearish leg, potentially pushing price toward the $48,000 target area. As long as price fails to break and hold above the descending trendline and the key resistance zone, the bearish scenario remains the dominant outlook. If you found this analysis helpful, please support it with a like and share your thoughts in the comments! Good luck with your trades!❤️