Bitcoin topping out on the weekly

1 déc. 2023

BTCUSD

Bitcoin is topping out on the weekly. We suspect that it will at least come back to the trend line of $30,111 to $31,090. Should this trend support break then a retest of $23,401 to $24,379 can be expected. There is also an outside change of a retest of the lows, at $15,479.

Be careful. Don't get too bullish here. This may be a fakeout, with a retest required first, before the gradual run up into the halving and the next bullrun (mid 2024 to 2026).