Traders like me has wondered the next move for bitcoin. Ever since the dump that happened few days ago, it's been almost stagnant at $63k.
What does your technical analyst say about it?
It has been almost a month that we have never seen huge changes in the price. Bitcoin is still below $60k but it was still a good price for me.
We are currently at $56k now but I expect corrections any time as the Christmas holiday's come. But, I don't think that we even drop more below $50k next month but I'd rather think about recovery.
Well, we can't just set aside any possibility of huge corrections. We know the market is unpredictable, we can be positive but never think that it all goes that way or that it goes in the opposite. Well, much better not to expect more.
I think the same as you, in fact a small correction may occur, I find it difficult to touch $ 50k, I have seen in several exchanges that the sell orders are mostly for $ 52k, and this is somewhat representative, in tensorcharts.com I like to see the book of purchases and sales, because everything is in real time, there I have seen where the orders are set waiting for the price at those levels, from there it is difficult to determine because according to the strength of the market it will be defined your address, but I am one of those who thinks that this December BTC can reach $ 100k, what I see that is bothering a bit globally is the new variant of Covid-19 that causes panic in people.