Technical analysis by Ifiok-2sydes about Symbol BTC on 1/13/2025

BTC Bitcoin has seen an all time high of approximately 110kCurrent price: $77700Bitcoin price action is currently respecting the falling channel as seen. With price currently being supported by the 200EMA in the 75k regionExpecting price action to continue to respect this channel and test resistance levels at 88k and then around 92k (bullish divergence also spotted on 2D timeframe). Reactions which will determine higher prices or further rejection.if #btc price action breaks down from this falling channel then expects supports at 66k and then 56k to be tested for support!BTC price action has bounced off falling channel...88k hit! Interactions at this level will determine if we continue to go up. Expecting price to maintain this level for continuous movement up!88k held...next 92k - Top of channel!92k! Watching for pull backs or continuation! Continuation is a show of immerse strength.... 106k??Top of channel! Break out of channel can lead to 106k