Technical analysis by tradingsmithaltcoin about Symbol BTC: Sell recommendation (11/27/2024)

Bitcoin is approaching the important resistance area ($ 98,000 - $ 99,000) in its increasing channel, but weakness shows the possibility of being rejected. If BTC does not pass this level convincingly, a fake breakthrough may occur, triggering a sharp decline.The next goals are the $ 92,859, $ 90.754 support area, in accordance with the lower boundaries of the channel and the main bridge area. This area is expected to attract significant buying interest, making it an important level to be monitored.