Bitcoin may fall below support level, break it
2025-02-13
Category: None

A few days ago, the price rebounded from the trendline, fell to the resistance level that coincides with the resistance zone, and eventually broke through the resistance level. After that, the price continued to fall and even broke through the support level before quickly reversing. After this reversal, the price rose sharply to the resistance zone, but soon began to fall again, breaking through the resistance level of 100500 in the process. After a while, BTC fell to the support level that coincides with the support zone and tried to rise. However, it failed and pulled back to the support level of 94800. The price traded around this level for a while before bouncing back to the trendline. Recently, it turned around and resumed its downtrend. At present, I expect BTCUSDT to rise to the trendline and then eventually fall below the support level. For this scenario, I set the target at 93200, which is below the support zone.