Bitcoin 
$115,083.26For the third time, it failed to stay above the long-term trend line drawn from the 2017–2021 peaks after last week’s sharp pullback. cryptocurrency analyst Omkar Godbolestated that this structure has become resistance limiting the upward momentum. While the technical outlook indicates that the risk of falling to $ 100,000 and below remains on the agenda, the price was traded at $ 115,000 at the time the news was prepared. According to the analyst’s analysis, a close above $121,800 is required for the selling pressure to reverse.
Critical Trend Support Line Became Resistance
Godbole stated that the long wick candles formed during the month refer to excessive loss of strength, and that the monthly MACD He stated that the histogram remained at a lower level compared to the December-January rally. These indicators reveal that the upward movement is weakening and signals of weakness are becoming evident around the historical trend line. The price failed to hold above the trend line in the third attempt, making the resistance zone the key battleground of the cycle.
On daily chart widening channel formationThe sharp return from the upper band of nu is accompanied by negativity in the standard (12,26,9) and long-term (50,100,9) MACD histograms. Analysis shows that the easiest path for this matchup remains down and recoveries may remain limited for now. While the 200-day simple moving average stands out as the first line of defense at $107,000, the possibility of a deeper test towards the lower band remains on the table.
Possible Scenarios in Bitcoin
Fragile outlook in Bitcoin expanding triangle formationIt keeps the possibility of falling below $ 100,000 alive with a gradual retreat towards the lower threshold of . Holding above $107,000, which is viewed as intermediate support, may soften the selling waves, but may not be enough to reverse the weakening momentum on its own. For market participants, risk management is central at a time when volatility may increase.
According to Godbole, in the upside scenario, persistence above $ 121,800 may invalidate the falling highs series, breaking the trend line-induced pressure and opening a new momentum window. Otherwise, reactions may remain short-lived. In the medium-term outlook, downside risks predominate. Current pricing data and technical thresholds require decision-makers to establish a scenario-based approach.
