My previous analysis after the rise of B$BTC
to 97 thousand
We have clarified that there is a drop to point B, which is 88 thousand dollars. Our analysis still stands, and are we close to confirming the prediction indicator? We are waiting ☠️
Rachid barkat
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BTC
BTC analysis on the daily timeframe:
Support levels:
Main support at 88934.47: This point is defined based on the Cypher pattern (TP1 area associated with point B). The price shows readiness to drop towards this area with the possibility of a strong reaction upon reaching it. I have highlighted it with a dashed yellow line, and it is from point B.
Secondary support at approximately 86900.00: Represents an additional potential support area based on Fibonacci extensions (78.60%) and previous low momentum points.
Support levels:
Main support at 88934.47: This point is defined based on the Cypher pattern (TP1 area associated with point B). The price shows readiness to drop towards this area with the possibility of a strong reaction upon reaching it. I have highlighted it with a dashed yellow line, and it is from point B.
Secondary support at approximately 86900.00: Represents an additional potential support area based on Fibonacci extensions (78.60%) and previous low momentum points.
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