Bitcoin is Ready to Fall by Flag Pattern!!!
2024-12-30
Category: None

Bitcoin ( BINANCE:BTCUSDT ) managed to break the  50_SMA(Daily)  in the past days, and this could be a  sign  for a  further fall of Bitcoin .

 Bitcoin  is currently moving in a  Heavy Support zone($95,000-$90,870)  and is breaking the  Support lines .

In terms of  Classic Technical Analysis , the  Bearish Flag Pattern  can cause Bitcoin to fall further.

I expect  Bitcoin  to drop towards  $91,000 minimum  after breaking the Support line and a possible pullback, and if the  Heavy Support zone($95,000-$90,870)  is broken, we should expect  more dumps .

 ⚠️Note: If Bitcoin breaks the Resistance lines, we can hope for a further increase in Bitcoin.⚠️ 

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Bitcoin Analyze (BTCUSDT), 15-minute time frame⏰.

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