BTC needs to retrace in early Jan - then keep the move goingHere is a view of BTC where a new zone has been created short term potential swap zone at 21,000 where price can fall back just as fast as it can rise.
The chart shows us:
Maxed out weekly, monthly tops, creating a new all time high for the coin.
with a strong bullish movement, a potential correctional movement can take place in the run up to the holiday season.
Keep track of the US impact for the stimulus bill and further pumping of data on unemployment. - the stimulus package has now been agreed for $900bn and the vaccines are now rolling out.
The US market is looking to continue growth upon the federal spending and position itself with forecasted growth into 2021.
Zones to watch for long additions.
$22,000 - 23,750
$30k target - nearly there, however 29k is the -0.786 extension target.
We now have an imbalance to fill back to $22.5 to 24k
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