BTC is currently trading below a descending trendline on the weekly timeframe, showing signs of bearish pressure and a potential move toward the lower support zone around $50,000. As long as the trendline remains intact, the bearish structure stays valid. Based on the chart, there is a higher probability that price will continue moving toward this key support area, where a major market reaction could occur. The $50,000 level appears to be the most important demand zone for BTC at the moment.
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