BITCOIN: Analysis and Forecast

2024年12月19日

Having reached an all -time high of $108,300. Bitcoin has been undergoing a strong technical correction. It indicates that the crypto could could continue its technical correction in the next few days and reach $95,799 where the 200 EMA is located.

In case Bitcoin wants to recover part of the losses, we could expect a pullback to occur at +1/8 Murray located at 106,250. We must pay attention to this level, since below, we could expect the bearish cycle to resume and Bitcoin could fall with targets at the psychological level of $100,000 and even reach 7/8 Murray at 93,750.

On the contrary, with consolidation above 106,500 on the H4 chart, Bitcoin could accelerate its rise and reach +2/8 Murray at $112,500.
Happy Trading!

2024年12月19日

交易進行

The target reached

2024年12月20日

註釋

BITCOIN Done A great Job, as I expected