Bitcoin Distribution Phase → Bearish Breakdown Incoming

Bitcoin shows a market shifting from strength into potential weakness. Price previously moved in a gradual uptrend, forming higher highs and pushing toward resistance but that bullish momentum stalled with a sharp rejection at the top.

Earlier, price was moving upward, forming higher highs and reaching near the 79,000 level. However, it faced strong rejection there and dropped sharply. After that drop, price broke below an upward trendline, which is a sign that bullish momentum is fading.

Now, Bitcoin is trading around the 76,000 area, which is an important support zone. A small bounce from this level is possible, but the overall structure is turning bearish, with signs of lower highs and continued selling pressure.

If the price cannot move back above the 77,500–78,000 resistance area, the market is likely to continue downward. The next key target below is around 74,000, which is marked as the expected move in the chart Bitcoin may bounce slightly, but unless buyers take control again, the market is more likely to continue falling.

You may find more details in the chart,
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