Reason for Bitcoin's decline $BTC
As shown in the picture, Bitcoin has reached its highest peak during the current week.
Noting that the weekly candle for last week did not close above the required point, which is (127.2%).
Also on the daily frame, the annual upward trend was breached by (3.1%), but the candle did not close above the annual upward trend.
This indicates that Bitcoin has reached its highest peak during this period with significant resistance in selling.
Bitcoin resistance is expected to continue at points near the price of 89,000 (between 87,000 and 92,000) in the coming days
And then a correction to the points near the price of 77,000 or less in the coming days, God willing
On the other hand, there will be a rise in Dogecoin and Ripple. $DOGE $XRP
But the path of Bitcoin will be determined when the weekly candle closes on 11/18/2024