BTCUSD Bearish Rejection at Resistance

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BTCUSD Bearish Rejection at Resistance Bitcoin / U.S. dollarBITSTAMP:BTCUSDAlpha_Trade_ScopeBitcoin (BTCUSD) is testing a major resistance zone after a strong bullish recovery from the previous downtrend. Price is consolidating near the highs while facing repeated rejection around the resistance area, indicating that bullish momentum may be slowing. The Ichimoku Cloud continues to provide underlying support, but failure to break above resistance could trigger a healthy retracement. A bearish rejection from the current zone may lead to a move toward the **62,800** support area before the next major directional move develops. **🎯 Target:** **62,800** **📉 Bias:** Bearish Pullback **⚠️ Invalidation:** A strong close above the resistance zone would invalidate the bearish outlook and favor continued upside.