Bitcoin Trend Analysis Today

Judging from the daily chart, BTC remains in a downward trend, with relatively weak momentum and no significant rebound. Caution is advised. A break above the red trendline would signal the end of the downtrend.

This pullback won’t remain at the bottom for long. Even if it hasn’t bottomed out yet, it’s not far off. The price could potentially reach $100,000 to $105,000. The price action will depend on this crucial week.