Bitcoin rises slightly before falling to $90K
2025-01-13
Category: None

Some time ago, the price fell to resistance level 1, coinciding with the support area, and then immediately rebounded and began to rise. BTC rose to the second resistance level in a short period of time, coinciding with the resistance area, and then immediately made a small correction. After this, BTC turned up and quickly broke through the 97300 level, even slightly above the resistance area. The price traded near this area and then hit the trend line upward. When it reached this line, BTC turned around and began to fall within the pennant pattern. In this pattern, Bitcoin quickly broke through the 97300 resistance level, retested it, and continued to fall to resistance level 1. After the price reached the 93200 level, it broke through this level and fell to the low of the pennant (91185), after which it turned up and quickly rebounded, breaking through the first resistance level again. Next, the price traded near this level for a while, then reached the trend line, and then fell back. Recently, the price broke through the 93200 level again, thus exiting the pennant, and now I expect BTCUSDT to rise slightly and then continue to fall. In this case, I set a target of 90,000 points.