Technical analysis by Strength_in_numbers about Symbol BTC: Sell recommendation (5/28/2025)
https://sahmeto.com/message/3560909

Daily TF / logarithmic chartA trendline has been in play since September 2023 where Bitcoin has found support on multiple occasions (thick white line). With a brief breakthrough in April. Currently looking a bearish div. on 4H chart which would signify a move down. Using the fib chart, a break below said trendline could take us to the 618 which is also a liquidity-rich zone (around 66-68K price range).The trendline could begin to act as resistance if this scenario plays out.Based on previous Bitcoin halving cycles the "peak" always occurs in Nov-Dec of the year following the halving event 2013 / 2017 / 2021... 2025?
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Signal Type: Sell
Time Frame:
1 dayPrice at Publish Time:
$107,419.01