Quote from: jinzo26 on December 17, 2023, 01:50:01 AM

Btc broke 42200 support
Now the target is 39600

I see that there is a small demand in the $39600 level but I couldn't find it to be a confirmation that the price will going to reverse when it broke. We are still in the bullish trend now, and still waiting for a reversal confirmation in 4h/1d time frame. I believe that price would possibly hit the $38k and could be a reversal confirmation if there's a breakdown on that level. But for now, the price is currently increasing possibly takes the buyside liquidity and stays on that weekly supply.

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Quote from: jinzo26 on December 17, 2023, 01:50:01 AM

Btc broke 42200 support
Now the target is 39600

Fluctuations in price are normal in cryptocurrency as the price of Bitcoin is already going up and down all the time. Since it is a short bullrun, the price will not last long. But in 2023, Bitcoin price will be between 40K and 45K for now. So Bitcoin price is still at normal level and there will be very little chance of downside.

nice speculation , what if bitcoin cross above 45k then your prediction will be completely wrong Grin

Since the price is always looking for a liquidity, breaking the $45k level would be very possible but it's quite risky to invest now, it would be better if we wait when the retracement ends before we buy.