A few days back I posted about bitcoin and how the next 48 hours would likely dictate the price direction for the last few weeks of the year.
Thus, we did not get a higher low and are either re-testing the support or breaking down through it. Obviously I am hoping we test and hold.
Even so, I don't expect more than some sideways action the remainder of the year unless we get some kind of news that as a catalyst higher.
And this is assuming we do hold this level....if not, well 2,900 is the next downside target area.
We need price to at least make a bounce to the 4,400 to establish a range it can bounce around in until the bulls come back to town!
Published by ScaredyCatGuide
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