🔍BTC Price Forecast: What’s Next for Bitcoin (BTC)?

Bitcoin faced rejection near $118K last week and slipped almost 5%, now trading around $109.5K. The charts suggest both short-term pressure and critical support levels to watch.

📉 Bearish Signals

On the weekly chart, BTC risks extending losses toward $107261 (July low). A decisive break here could drag price toward the $104.4K support.

RSI at 51 is slipping toward neutral, showing fading bullish strength.

MACD remains bearish since mid-August, with red histogram bars pointing to downside continuation.

📊 Daily Chart Outlook

BTC failed to hold the 50-day EMA ($113484) and broke below the ascending trendline.

Current RSI sits at 37-38, confirming bearish momentum.

Daily MACD also shows a sell signal, reinforcing the bearish setup.

Key short-term support lies at $107.2K–$107.4K, aligning with the July low.

📈 Possible Rebound

If Bitcoin manages to stabilize above support, reclaiming the 50-day EMA at $113484 would be the first step toward recovery.

⚖️ Summary: BTC remains under pressure in the short term, but holding July’s low is critical. A break below may open deeper downside, while a recovery above the 50-day EMA could flip sentiment.

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