Quote from: ShowOff on December 02, 2022, 04:34:58 PM

Quote from: Portocervo777 on December 02, 2022, 03:22:46 PM

Anyways today i start to think btc might not go up much
The strong support i see it's 13300$ not before.
I dont belive btc can go over 17k today i see it's getting weak.
However Im full short tonight this what i belive and my indicators show to me.

Even if the price of bitcoin goes up, then I don't think it will go up much in the short term either. I tend to think the bitcoin price will probably still be lower than $18K this December because either way the FTX case will always cast a shadow on traders and investors.

Fundamentals could be getting stronger so the price can get stronger again, but to get above $18K then I think bitcoin needs something bigger that will increase the demand. Today's bitcoin price recorded a correction to $ 16.8K, but for now the price is around $ 17K.

People are not expecting a big pump anymore for this year so it's okay if btc can only show some recoveries like how it is doing right now. FTX case are soon going to end and people will move on. May our bad past shouldn't hunt us anymore because that wasn't beneficial. It will only cause us to worry or worse became paranoid which could affect our future performance.

When it comes to fundamentals, there is no change in btc but there are on other coins like eth because they have gone through upgrades. This could help their price improve later on.