Don't Trapped this...🗣: Buy the Dip 🩸. hard Crash soon... to $80k 👇: As of January 13, 2025, Bitcoin (BTC) is trading at approximately $91,326, reflecting a 3.35% decrease from the previous close. The 3-day chart indicates a potential Head and Shoulders pattern, a classic bearish reversal signal. Pattern Breakdown: Left Shoulder: Price ascends to around $80,000, then retraces. Head: A higher peak near $108,000, followed by a decline. Right Shoulder: A rise to approximately $94,000, then a drop. Neckline: Connecting the lows around $80,000; a break below this suggests further decline. Technical Indicators: Relative Strength Index (RSI): Currently at 46.70, indicating neutral momentum. Moving Averages: Short-term averages crossing below long-term ones, signaling potential bearish momentum. Support and Resistance Levels: Immediate Support: Around $90,000. Next Major Support: Approximately $80,000, aligning with the neckline. Resistance Levels: $94,000 and $100,000. Market Sentiment: Recent declines suggest increased selling pressure. Conclusion: The potential Head and Shoulders pattern indicates a bearish outlook. A decisive break below the $80,000 neckline could lead to further declines. Traders should monitor support levels and consider risk management strategies. Note: This is my Research and Opinion ok.
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