Bitcoin Technical Outlook: BTC/USD Multi-Timeframe Analysis
Bitcoin has broken key technical support levels, raising the risk of a deeper correction as bearish momentum accelerates. Michael Boutros, Senior Market Analyst at FOREX.com, examines the breakdown of Bitcoin's multi-month uptrend, the critical support and resistance levels traders are watching, and why oversold conditions may not be enough to prevent further losses. He also discusses how shifting risk sentiment, geopolitical tensions, and competing investment themes could influence Bitcoin's next move.
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--- Written by Michael Boutros, Senior Technical Strategist
Follow Michael on X @MBForex