PANews reported on January 11th, according to Marketwatch, Kim Kramer Larsson, an analyst at Saxo Bank, stated that if BTC falls below the support level of $90,690, it may face a larger decline. In the past five days, the price of BTC has dropped by 3.9%, but it pumped by 2.6% on Friday, trading at around $94,061, currently down about 13.2% from the historical high of $108,309 set on December 17, 2024. Kramer Larsson analyzed that BTC is forming a top according to the so-called head and shoulders pattern, which is a chart pattern in Technical Analysis, predicting a reversal from a bullish trend to a bearish trend. If BTC falls below the support level of around $90,680, it may face a decline to $73,000.
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· 01-11 16:30
I hate people who send messages randomly the most
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ThatRelaxedCatIsInL
· 01-11 12:13
Don't mess with it.
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DragonTrade89
· 01-11 12:04
hopefully all of this does not happen in the near future. If this happens, we have to be prepared to anticipate this. Buy the Dip 🤑 BTC Halving to Moon 🚀
Shengbao Bank Analyst: If BTC falls below the support level of $90690, it may face a larger decline.
PANews reported on January 11th, according to Marketwatch, Kim Kramer Larsson, an analyst at Saxo Bank, stated that if BTC falls below the support level of $90,690, it may face a larger decline. In the past five days, the price of BTC has dropped by 3.9%, but it pumped by 2.6% on Friday, trading at around $94,061, currently down about 13.2% from the historical high of $108,309 set on December 17, 2024. Kramer Larsson analyzed that BTC is forming a top according to the so-called head and shoulders pattern, which is a chart pattern in Technical Analysis, predicting a reversal from a bullish trend to a bearish trend. If BTC falls below the support level of around $90,680, it may face a decline to $73,000.
Buy the Dip 🤑
BTC Halving to Moon 🚀