Bitcoin Price Analysis: Potential Pullback Towards $80k Support
2025-01-08
Category: None

Bitcoin (BTC/USDT) is currently trading around $96,445, showing signs of a potential decline after hitting resistance near $100,000. The chart illustrates a possible drop toward the lower support around $80,000 within an ascending channel. The stochastic oscillator in the overbought region suggests a bearish reversal. Traders should watch the $80,000 support level for a potential bounce or further decline.