BTC - Quick Note
2024-12-23
Category: None

Given the current market structure for BTC we are watching for some key levels for bulls to step in to reclaim the bullish trend. Right now, bears are still in control as we have seen a breakdown followed by a retest of old support being flipped into new resistance. 

Now we are looking for price to double bottom at this low we are currently testing. If price cannot create a double bottom or bullish divergence then we will have one more fall. 

Based on the charts that technical breakdown target is around $87.7k if price cannot hold this current bottom. Just a level to keep you eyes on for a low to be established if we get another drop to complete the breakdown. 