I think Bitcoin will break support and drop to $98
2024-12-12
Category: None

Some time ago, the price fell to support level 2, which coincides with the support area, and traded between these levels for a while. After that, BTC subsequently rose strongly, broke through support level 2, coincided with the resistance area, and even rose a little. But soon, it turned down and fell strongly to the trend line, breaking through both support levels. Later, the price fell back, broke through support level 2, and even rose to the resistance area, and then traded below this area for a while. Next, it fell to the support area that coincides with the trend line, and then rebounded and rose to the resistance area in a short time, breaking through support level 1. Currently, the price is trading in a triangle pattern within the resistance area, so I expect BTCUSDT to rise to the resistance line of the pattern. Next, it turned around and started to fall, breaking through the support level, so I set the target at 98,000 points.