The PANews reported on January 11th that Kim Kramer Larsson, an analyst at Saxo Bank, said 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 fallen by 3.9%, but it has pumped by 2.6% on Friday, with a trading price of about $94,061, which is a 13.2% drop from the historical high of $108,309 set on December 17, 2024. Kramer Larsson analyzed that BTC is forming a top based on the so-called head and shoulders pattern, which is a chart pattern in technical analysis that predicts a reversal from a bullish trend to a bearish trend. If BTC falls below the support level of about $90,680, it may face a situation of falling to $73,000.
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Nhà phân tích của Ngân hàng Shengbao: Nếu BTC giảm xuống vùng hỗ trợ 90690 đô la có thể đối mặt với mức giảm lớn hơn
The PANews reported on January 11th that Kim Kramer Larsson, an analyst at Saxo Bank, said 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 fallen by 3.9%, but it has pumped by 2.6% on Friday, with a trading price of about $94,061, which is a 13.2% drop from the historical high of $108,309 set on December 17, 2024. Kramer Larsson analyzed that BTC is forming a top based on the so-called head and shoulders pattern, which is a chart pattern in technical analysis that predicts a reversal from a bullish trend to a bearish trend. If BTC falls below the support level of about $90,680, it may face a situation of falling to $73,000.