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#BTCUSDT – Potential for Bitcoin Price Increase ($BTC ) After a Drop, Here's the Scenario
On January 21, we shared the #البيتكوين price roadmap. We mentioned that breaking the support level could push the price to $75,000, which has already happened — even with a larger decline, in line with the descending flag pattern that used the flagpole for the breakout.
Now, the #Bitcoin price has fallen from its previous cycle high of (68.8K — $75,000), and the Relative Strength Index (RSI) is in the oversold region, so a rebound is likely.
Using Fibonacci ratios, the realistic upward target ranges between $75,000 and $80,000.
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