Generally, downward channels end up breaking upward, but anything can happen. It's time to wait. At some point, it will rise, today, tomorrow, or in 6 months.
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MorrisoN-
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Hey, crypto community! 🚨💥
We need to talk about what's happening in the market. 🔥 A descending triangle pattern is forming (excluding BTC) 😱, which could indicate that another drop is coming. But, be careful! If conditions change, we could see an unexpected breakout. 💣
Take a look at the support and resistance levels. The future is about to get interesting. 😏
What do you think? 👇👇👇
❓ Will the market drop to $1T? ❓ Or will we see a rise back to $1.64T?
Let me know your opinion! 💬 Let's blow up this analysis! 🚀
Reviewing charts, I found an interesting coincidence. On 11/5/2020, the previous halving began, and until 01/21/2021, BTC rose by 390% in 245 days, moments where a correction of 45% began, lasting 2 weeks, taking the price from $42k to $29k. On 04/15/2024, this last halving started, and 246 days later, it rose by 81.5%. That is 4.8 times less than the previous cycle, and continuing with the trend, if it corrects by 4.8 times less than before, we should have a drop of about 10%, taking the price from 108k to around 98k, which is almost the bottom of the ascending channel in which BTC is. And the last coincidence with the previous cycle is seen in the last photo with a white circle. This indicates that when the price reached the maximum of the previous cycle, it took 8 weeks in both cases to start the correction. For me, it's pure coincidence, but I wanted to share it because it caught my attention and also to calm some who are desperate because BTC fell by 5%; you see, in 2021 it fell by 45%, and a few days later it was at 70k. Regards #BTCPricePredictions #bitcoinhalvin $BTC
Where is your analysis? Because what you are asserting has no basis at all.
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Qohen
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Bullish
$BTC will recover at least to 105k following days but it might be the last recovery. Bitcoin already made ATH and from now on it won't push forward. Once it recovers, profits will be taken again then we can expect downward trend and 2025 might be the bearish year.
Until Bitcoin completes its correction, Neiro is a danger. If BTC drops to 95k or 86k, Neiro will go to 0.006 at a minimum.
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Market Tips
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📊Rally is about to start.
🚀🚀
$NEIRO
There had happened a strong manipulation to the buyside in order to get a new cycle. Just happened a inducement to the buyers,stopping the orders at 0,0011.This exercising as a perfect acumulation of Wyckoff. We are seeing strong volumes,meaning a increase of price soon.Maker is manipulating the buyers with FOMO, and we will see a Liquidity Sweep before the real movement happens. In the order book, there is a pending order of 1B orders to buy on the 0,00997.This will mean that most of the buyers will be taken out before the move actually happen. In the another instance,there are some sell orders being putten at the 0,0022. #NEIRO⏰🤫 #Write2Earn! #MarketPullback #BinanceAlphaTop5 #MarketCorrectionBuyOrHODL?
Hi guys! Would this move be crazy if we entered a medium-term corrective phase? I think the correction will only go up to 86k but you never know. I think the Fomo will return by January 20th when Trump takes office. Regards #BitcoinPrediction $BTC
You can't open a short when the currency has already dropped 8k in 24 hours. Wait for the rebound to 102.500 and increase the position as it will continue to drop.
Until BTC corrects strongly, rises again and then the dominance falls, there will be no altseason. Some may rise as until now but not all of them will.
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Jenette Pantle XNER
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Do you think ATLcoins will continue to fall because BTC dominance is high, or will it start to rise now?
I am not an expert but I would close it. BTC struggles to stay above 100k and the dominance is being maintained. The slightest drop drags all the altcoins down very badly.