$BTC Analysis Based on the Chart After November 14:
1. General Trend:
The price at $81,200 reflects strong bullish momentum. However, if the price fails to hold above the 1/1 angle after November 14, it could signal the start of a correction phase.
2. Expected Correction Wave:
If the 1/1 angle is broken: š»
- A gradual correction is expected, potentially reaching $72,000 by November 25, 2024.
- The correction could intensify, with the price dropping to $58,946 by December 12, 2024.
3. Dynamic Support Levels: ā ļø
- $72,000: The first major support level likely to be tested during the initial correction phase.
- $58,946: A key support level aligned with lower Gann lines, expected to be targeted during the sharper correction.
4. Summary with Key Dates: šØ
- November 14, 2024: Crucial date to watch for maintaining levels above the 1/1 angle.
- November 25, 2024: Potential start of a decline toward $72,000.
- December 12, 2024: The correction could deepen, reaching $58,946.
- Q1 2025: The correction may continue further unless a strong rebound occurs.
