BTCUSDT Bearish Breakdown Potential - June 3, 2025

 


BITCOIN SETUP

3 JUNE 2025





Price at $105,087, key support at $100K.

Bitcoin has been trading within an ascending channel (indicated by the two upward-sloping white trendlines). Recently, the price appears to have broken down from a smaller bearish flag pattern (outlined by the two downward-sloping white trendlines within the larger channel).

This bearish flag breakdown suggests potential for further downward movement. The red arrow indicates a possible trajectory following this breakdown.

A significant support zone appears to be around the $100,000 level (highlighted by the green horizontal bar). This level could act as a potential target or area where selling pressure might subside.

Disclaimer: This is a brief analysis based on the provided chart and should not be considered financial advice. Trading in cryptocurrencies involves significant risk.

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