Next month december the btc highest price i see will be 18400$-18800$ price range.
in the current Bitcoin trading method it goes up to $ 18k and drops again to $ 17k and so on, makes sense to me, many Bitcoin trades take $ 1000 profit in a matter / week or month, they enjoy it.
December and entering 2023 many Bitcoin experts say, starting in December and April 2023, bitcoin including altcoins has the potential to become a recovery method, Even though it will happen they say the Bitcoin market cannot be said to be a bull market like we have seen in 2021 that has passed, it's recovery time.
I believe what they say makes sense to me, maybe I should do my own analysis of Bitcoin, is it currently the lowest or is there something we have never known, I will do my own analysis of that.
All right this what i see now
This month december there is no wall Street money orders placed Below 16k and no over 17,400
What conclusion we make of this ?
We get the btc moving in small price range so we take long position when btc 16,500-16,800$
And we short If btc are 17200-17400 price range.
However i call btc 17500 max top
This is the scenario now and i keep checking the indicators and instution data nothing changed If nothing new coming in the books then this scenario for btc Will be valid and Also for the most of the altcoins.
If something changes i Will notice right to way but now this is the scenario here for december atleast this Week few days