Bitcoin[BTC] - Do you see a similarity ?

2024年12月26日

#BTC/USD #Analysis
Description
---------------------------------------------------------------
+ Dec 2024 Bitcoin chart looks exactly like the pattern of the Dec-2023
+ In Dec-2023 we saw similar channel formation and price broke down from the support line briefly and then bounce back in January.
+ The same pattern we are seeing now, channel formation completed and price broke down from the support line of the channel.
+ I'm expecting price to decline further upto 85k zone and bounce back from there.
+ A bounce back from this zone will push the bitcoin price parabolic.
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights. Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo

2024年12月30日

註釋

85K to 87K is the bottom i'm expecting