CryptoT

$BTC Update: Persistent Downtrend and Critical Support Test 📉

Bitcoin has been in a relentless downtrend, dropping day after day without showing meaningful respect for the support levels we've been highlighting. This morning, it wicked down to test $81,000, with the price now hovering just above the psychological $80,000 mark a level that has repeatedly acted as a battleground in past cycles.

Key Levels: Immediate Support and Downside Risks 🔥

If BTC fails to hold above $80,000 on higher time frames, the risk of acceleration lower increases significantly. Our next major downside targets sit in the $72,000–$73,000 zone, with the broader $66,000 area as a potential magnet if selling pressure intensifies. A daily or weekly close back above $86,000 would be the first meaningful sign of stabilization and buyer control.

Outlook: Bearish Month Ahead? 💸

Without that reclaim, December could shape up to be an extremely bearish month, characterized by cascading liquidations and forced selling. The structure remains weak until proven otherwise.

What do you think can BTC defend $80,000 and stage a reversal, or are we headed straight for those lower targets? Let me know your thoughts below.