Technical analysis by trader77974 about Symbol BTC: Sell recommendation (12/22/2024)

I think that the price of the bitcoin could go to 92K because there are 2 equal lows that you can see on this chart at approximatively $92000."Equal lows refer to a situation in trading where two or more price lows are at the same level or very close to each other on a chart. This concept is significant because it indicates a potential area where liquidity is resting. In trading, liquidity refers to the availability of buy or sell orders at a particular price level. When equal lows are present, it suggests that there are likely many stop-loss orders from traders who are long (buying) positioned just below these lows. This creates a pool of liquidity that can be targeted by the market."