Technical analysis by JalilRafieefard about Symbol BTC: Sell recommendation (11/22/2024)

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.This decline will have 3 phases, which I have shown in the first phase chart in 3 stages.As you can see in the chart, in the first phase, Bitcoin will fall to around 81K and then rise again to near the price ceiling. But in my opinion, it will not be able to create a new price ceiling and will have a heavier decline towards the 50K-60K range.JalilRafieefardFebruary 18, 2025