Table of Contents
![Bitcoin Bulls Running Into Resistance. This Rally Might Be Over!](https://bitcoinsensus.com/wp-content/uploads/2021/06/Warning-1024x576.png)
In our previous Bitcoin analysis, Bitcoin Bulls Running Into Resistance. This Rally Might Be Over!, we made a bold bearish price prediction for Bitcoin after the price failed to break through the $34,443 minor resistance after numerous trials.
Well, that bearish prediction might already have started playing out. The Bitcoin price has had a sharp drop from that $34,443 horizontal level, pointing to a building bearish momentum coming for Bitcoin
![](https://bitcoinsensus.com/wp-content/uploads/2021/06/Screenshot-272-1024x576.png)
In this Bitcoin analysis, we will be talking about the key levels to watch for and the best bearish targets to aim for in this Bitcoin descent.
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The $34,443 Key Level For Bitcoin Sellers
![Has The Bitcoin Sell-Off Started? Watch This Level](https://bitcoinsensus.com/wp-content/uploads/2021/06/Untitled-design-2021-06-23T221031.147-1024x576.png)
We can see how this resistance level held nicely. For our bearish prediction to remain valid, the Bitcoin price must continue to trade below the $34,443 resistance level.
If this level holds, we expect to see a massive sell-off back down to at least the previous lows of $29,261 in the coming days!
Bearish Targets
![Has The Bitcoin Sell-Off Started? Watch This Level](https://bitcoinsensus.com/wp-content/uploads/2021/06/Untitled-design-2021-06-23T221748.921-1024x576.png)
Our first bearish target is Bitcoin’s previous lows of $29,261. However, there is a very high probability that we might see Bitcoin breakthrough these lows and print a new low in the coming days!
This price dump would likely be Bitcoin’s final leg down before the Bitcoin bearish trend comes to an end!
Final Verdict!
![Has The Bitcoin Sell-Off Started? Watch This Level](https://bitcoinsensus.com/wp-content/uploads/2021/06/Screenshot-275-1024x576.png)
We are bearish on Bitcoin and believe there is a very high probability for the cryptocurrency price to sell off to a new low in the coming days.
The key level to watch is the $34,443 resistance region, as far price continues to respect this resistance, we will remain bearish on Bitcoin for the short term.
However, if this $34,443 key level gives way, this bearish price prediction of Bitcoin becomes invalid!