Bitcoin correction ends final 200K
2024-11-28

We can see how the price entered an ascending channel a few days ago, where it immediately dropped to the support line and then continued to grow. For a short time, BTC reached the 66800 support level, reconsolidated with the buyer zone and broke out, after which it traded nearby for a while before bouncing back to the channel resistance line. Price then made a correction to the support before making an impulse and exiting the ascending channel. Next, BTC continued to grow within the ascending pennant, bouncing off the support line and rising towards the current support level, coinciding with the support zone. Bitcoin traded within the support zone for a while and later broke through it before rising to the resistance line and then turning around. Price drops to the support line for this pattern, which coincides with the current support line at 91500. But not long ago, it started to grow, so, now I think BTC can bit by bit correct, support the level and then start growing towards 105K.