Bitcoin peaked and fell back
2024-12-23
Category: None

Bitcoin has completed five waves of rise in the accelerated rising channel, and a peak signal has appeared, and then it has started to pull back. The current pullback wave is an adjustment phase, providing an opportunity to wait for the price to fall back to a suitable position.
In the short-term trend, bears dominate. The support below is 92,000.
The upper pressure is around 96,000, the low point of the 4th wave.
Then you think the price can return to around 86,000 at the initial stage of the previous rise. Will a high reversal even occur?
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