Technical analysis by bcd1 about Symbol BTC on 12/24/2024

Today, BTC continues to move in the sell direction with the breakdown of the 95,600 support. However, the contact point of the uptrend from September 6 is approaching. I think that a buying opportunity may occur when this region, that is, the trend line, is reached. In addition, the fact that the horizontal support area in the 88,000-90,000 region coincides with the trend shows that this is a strong support and offers a possible buying zone. If BTC comes to this level, I expect both BTC and altcoins to continue to rise in the short and medium term. Considering that the previous movement in the market rose without correction, I think that such corrections will not create any problems. This contact point can be followed to open a transaction or reduce costs. I would like to state that we need to see a close above the 95,600 level for the analysis to lose its validity. In this case, we can accept that the current analysis is canceled.