Bitcoin is currently consolidating
Updated
38k & 36k is the key point to breakout/breakdown
Date range 26 Nov - 10 Dec
Breakout 38k > Going up to next ressistence 40k or 50k
Breakdown 36K > Pullback to support 32K or 30K
Wait n see, check the volume for confirmation
Date range 26 Nov - 10 Dec
Breakout 38k > Going up to next ressistence 40k or 50k
Breakdown 36K > Pullback to support 32K or 30K
Wait n see, check the volume for confirmation
Note
Hit 40K today. The next resistance is 50KThere is 2 option:
1. Pullback to 37-38K (Be careful if breakdown below 36K)
2. Hit 50k (40K is new support)
My analysis, option 2 has high probability
Note
Pullback to around 40k, and now have pretty good pattern.It's just a matter of time to reach the price of 48-50K. I believe it will happen before the new year.
Or at the latest by January 15th.
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