Short term moves dont matter so much, this is just price revision of fairly recent action. I dont mind speculation because it can be profitable but I dont assume these trends last or alter the wider picture beyond each week. We're going to get more serious statement of affairs going into Jan and Feb price action, right now this could be said to be the foundation for those moves.
Yet again today its still mostly sideways, that'll process and turn into a proper move as we average out.
It's sideways, so I don't expect any movement whatsoever unless some whales wanting to shake it up and move past $50k at least this holiday. But I'm not seeing that, whales are smart and wouldn't take that huge risk right now since everyone is now waiting at the sideline.
So it will be interesting what will be the next year will bring early, the first quarter will be critical, it will spell between a long bearish market or will it will be recovery again and hopefully that $100k can be achieved.
Really hard to make out some conclusions or presumptions on whatever the the price would be moving which this one makes really hard to determine on what would be the possible
movement which it isnt surprising that we would have no idea on neither its still the bottom or the peak for this year but as a crypto investor then you should have prepared
for this matter because its always been like this and you should be wise on making out decisions specially on a sideway moving market.
Yes, its hard but not impossible and that you should bare in mind.