4 Dec Sat
We have reached 4100 which was first supply zone on the way up and area of high concentration of volume. Weekly candle looks good with PoC being on the downside. We are entering pre-christmas period which is usually good for the bulls. I'd expect price to break above 4100 and rally up to 4200. This can send BTC to 18k level.
In case of stronger reaction from 4100 supply zone we can fall back 4000 when the reverse for continuation of the rally should occur.
Overall bullish for the week.
We have reached 4100 which was first supply zone on the way up and area of high concentration of volume. Weekly candle looks good with PoC being on the downside. We are entering pre-christmas period which is usually good for the bulls. I'd expect price to break above 4100 and rally up to 4200. This can send BTC to 18k level.
In case of stronger reaction from 4100 supply zone we can fall back 4000 when the reverse for continuation of the rally should occur.
Overall bullish for the week.
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