Bitcoin&#8217;s climb back above $82,000 has led to bullish conviction among 
investors. However, an interesting technical analysis suggests that the rally 
may still be part of a corrective structure, not the start of a clean 
impulsive breakout. That difference is important, because the analysis shows 
that Bitcoin is now approaching a resistance band that could decide whether 
the rebound continues or turns into another trap for late buyers. Bitcoin 
Heads Into Major Resistance Zone The BTC price climbed back above $80,000 this 
week, with the move supported by strong inflows into Spot Bitcoin ETFs. 
However, crypto analyst Tara is not convinced this bullish move tells the full 
story. Related Reading: What The Aggressive Profit-Taking By Bitcoin Investors 
Means For The Price Tara’s outlook is built around Bitcoin’s reaction to the 
macro 0.382 retracement level. According to the analyst, the Bitcoin price 
broke above this level without first establishing stronger support below it. 
That has created a setup where the price action can still push higher, but the 
move may be vulnerable because the foundation below the rally is not as strong 
as bulls would want. Therefore, Bitcoin&#8217;s failure to establish solid support 
after breaking above a key macro Fibonacci level has left the asset exposed, 
now pressing into a major resistance zone spanning between $85,200 and 
$93,000. The short-term structure has clearly improved from the early February 
lows around $60,000, but Tara’s chart points to several overhead levels that 
now matter. The first major red resistance line is around $85,288, which 
corresponds with the 0.382 retracement on the projected structure. Above that, 
the 0.5 retracement level near $93,099 becomes the bigger test. Based on the 
analyst&#8217;s count, the current rally should be a counter Wave B move within a 
larger corrective ABC trend. The analyst described Wave B as one of the most 
deceptive phases of a market cycle because it can make traders believe the 
correction is already over. However, the range between $85,200 and $93,000 
represents the region where the Wave B rally could start to lose strength. 
What Comes Next? The Crash Risk Now that the Bitcoin price is approaching 
resistance, the outlook is what to expect based on what could happen if it is 
rejected at that zone. The next phase can turn lower and punish buyers who 
entered too late. Related Reading: Mapping The Bitcoin Price Crash To $63,000: 
Why BTC Must Reclaim This Level The chart sketches this exact possibility with 
two projected downward paths from the upper resistance region. One begins 
around $85,000, and the other begins closer to the $93,000 level. Both paths 
suggest that a rejection from the resistance band could bring the Bitcoin 
price below $60,000. A sustained break above $85,200 would bring the $93,000 
region into action. A clean move above $93,000 would then weaken the bearish 
corrective setup. At the time of writing, Bitcoin is trading at $79,742, down 
by 2% in the past 24 hours. Featured image from Getty Images, chart from 
Tradingview.com

Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash

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Despite the short-term price recovery, Bitcoin remains in a bear market, 
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Here’s The Next Major Bitcoin Resistance To Watch Out For Before A Crash

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