Bitcoin 
2024-12-22
Category: None

Btc usdt Daily analysis 
Time frame daily 
Risk rewards ratio >1.6 👈 for buyers 
Risk rewards ratio >1.7 👈 for sellers 

Technical analysis 👇👇👇
↘️↘️📶📉
An  broadening triangle pattern has formed on the daily timeframe and there is a possibility that we will face a decline if the price breaks below the pattern’s bottom. However, we have several strong support areas at $88-$95 that can prevent the market from returning to a bear market. If the sellers get stronger and this support area cannot withstand the pressure from the sellers, Bitcoin will fall to the $77 range.

👉👉📈↗️↗️
On the other hand, if Bitcoin moves up, our first target will be the upper edge of the triangle and the price of $110.
 At that time, we need to see if the buyers' power is greater than the sellers'?
 If it is, the yellow box, which is the intersection of the long-term uptrend and the price exit area from the triangle, will be our next target, the range between $114 and $118. 🎯🎯🎯