Technical analysis by CentBit_Online about Symbol BTC: Sell recommendation (1/7/2025)

Bitcoin (BTC/USDT) is currently trading around $96,445, showing signs of a potential decline after hitting resistance near $100,000. The chart illustrates a possible drop toward the lower support around $80,000 within an ascending channel. The stochastic oscillator in the overbought region suggests a bearish reversal. Traders should watch the $80,000 support level for a potential bounce or further decline.