Golden Finance reported that technical analyst and founder of Fairlead Strategies, Katie Stockton, pointed out that BTC failed to stay above $100,000 for several days, making the historic breakthrough "unconfirmed," and opening up potential weakness in the short term for BTC. She mentioned that the short-term bullish momentum is weak, and there is a new daily chandelier trend reversal signal supporting BTC to consolidate in the coming weeks before continuing its upward trend. Investors should follow two support levels, including the 20-day MA at $97,233 as of early Tuesday and the 50-day MA at $85,342, implying a potential downside of about 13% for BTC. If the 50-day MA is also breached, Katie Stockton pointed out $73,800 as the next possible level for BTC to reach, representing about 24% potential downside.
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Fatime
· 2024-12-11 17:59
BTC Halving to Moon 🚀
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LookingForwardTo
· 2024-12-11 15:58
13% de l'espace à la baisse jusqu'à 85300, dans des circonstances extrêmes, il pourrait descendre en dessous de 70000 !!! Difficile à imaginer
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YS-TheSceneryUnderThe
· 2024-12-11 15:11
13% de l'espace de baisse à 85300, dans des circonstances extrêmes, il pourrait descendre à 7 chiffres !!! Je n'ose pas imaginer.
Analyste : la percée historique du BTC n'a pas été confirmée et pourrait faire face à un risque de correction d'environ 13%
Golden Finance reported that technical analyst and founder of Fairlead Strategies, Katie Stockton, pointed out that BTC failed to stay above $100,000 for several days, making the historic breakthrough "unconfirmed," and opening up potential weakness in the short term for BTC. She mentioned that the short-term bullish momentum is weak, and there is a new daily chandelier trend reversal signal supporting BTC to consolidate in the coming weeks before continuing its upward trend. Investors should follow two support levels, including the 20-day MA at $97,233 as of early Tuesday and the 50-day MA at $85,342, implying a potential downside of about 13% for BTC. If the 50-day MA is also breached, Katie Stockton pointed out $73,800 as the next possible level for BTC to reach, representing about 24% potential downside.