Technical analysis by JalilRafieefard about Symbol BTC: Buy recommendation (12/6/2024)

Bitcoin is at the end of a two-year uptrend and the $110,000 range is the end of this trend.The impact of Trump's election on Bitcoin's growth will be before he enters the White House. After that, we will have a 3-4 month downtrend.The current price of Bitcoin is around $100,600I will post an analysis of the downtrend after reaching the 110K range.JalilRafieefardDecember 07, 2024During this time (until around Jan 20, 2026) the first phase of altcoin growth will occurAccording to the analysis, Bitcoin has started its decline. The price decline will be in the range of 89K-86k. I predict that this small wave will continue for a week. Altcoins will also correct by about 30% during this period. Then in about two weeks, as shown in the picture, Bitcoin will grow in the next short wave slightly above 104k.As predicted in the previous analysis, Bitcoin saw its two-year price ceiling at around 109K when Trump entered the White House, and Bitcoin will have downtrend for about a 1.5-2 year. You can now see the new analysis at the link below: