Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 1, 2023

Technical Analysis and Outlook:
With prices trading in a relatively narrow range, Bitcoin penetrated our exhausted completed Inner Coin Rally 37800 and is heading towards the Next #1 Outer Coin Rally 39200 and beyond. On the downside, the intermediate down target is Mean Sup 37300. The subsequent squeezes will likely be significant and turbulent once the market successfully achieves these Outer Coin targets.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.