My Prediction:
The current downtrend that started after all time highs on the 10/11/21 will continue until the $40,500ish level where it will meet resistance and continue in an uptrend. The resistance will be met around mid to late January.
Why?
1. The golden cross of the 50 and 100 EMA that recently happened (25/12/21) mirrors the one that happened in May...
Prediction: After a few more tests on the $48,800ish area on the hourly chart where there is some resistance, I think there will be a breakout to the bottom finishing before the end of the year to the $48,000 level.
This is my prediction due to the fact that BTC has broken through the 200ma 100ma and the 50ma along with the uptrend that has lasted since the 20th...
G'day peoples, I have recently been learning about technical analysis and am wondering what some more experienced people think of my current analysis of the chart and my prediction. What I'm seeing on the charts is the likelihood for BTC to grow about 3 percent in the next day or two shadowing what it did on the 21st to 22nd of dec from 20.00 to 4.00 on the hourly...