2023-12-22 08:19:12

Daily BTC Review

❌Liquidations in the market over the last 24 hours, CoinGlass: ~56 K traders, totaling ~$145 million - 40% long positions and 60% shorts.

Bitcoin is pressing against an important resistance zone, and the resulting "double bottom", on a localized downtrend, should help break above it📈

⚫️Positive scenario: break above 44-45K, consolidate and move further to 48-52K. It's hard to say if this kind of movement will happen before the end of the year, but most people have big bets for January, it's filled with bitcoin-ETF deadlines, starting January 1.

⚫️Negative scenario: I will say right away that it is unlikely, personally for me. It is a rebound from the resistance zone and another decline, first to 42K, and in the worst case, to 40K. Let me remind you that there are no preconditions for this yet, everything points to the continuation of growth to a greater extent.

BTC-1,17%

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