Technical analysis by fxone4all about Symbol BTC: Sell recommendation (1/15/2024)

The charts for Bitcoin currently indicate a notable buying saturation, and the weekly candlestick has presented a strong bearish signal with a engulfing candle. Bitcoin is expected to decline to the range of $36,800 to $36,200, followed by a bounce back to the range of $41,000 to $44,000. Subsequently, a further descent to the $29,000 area is anticipated, with a subsequent correction back to the $36,000 region. A rapid decline to the $10,000 zone is anticipated for Bitcoin to experience a strong rebound, constituting a formidable support level from which it could resume an upward trajectory. Traders, if you like this idea or have your own opinion on this matter, write in the comments. I will be glad 👩‍💻