Bitcoin correction 97K
2025-02-01
Category: None

A few days ago, the price fell to the level of $92,100 in the down channel, after which it turned and began to rise.

For a short time, the price exited the channel and broke through the $97,000 level, but when it started trading in the wedge, it fell back.

The price briefly traded around $92,100, then rose to $106,500 in a short period of time before breaking through $99,500 again.

BTC then exited from the wedge and started trading inside, but first rose to 109K before falling back.

Internally flat, the price corrected to the $97,000 level, then rose to $106,500 for a short period of time, after which it began to fall.

I think Bitcoin can hit resistance again and then fall to the $97,000 level.