NeutronMan

Bitcoin Analysis 12/21/21

Short
BYBIT:BTCUSDT   BTCUSDT SPOT
This is my short-term price prediction for Bitcoin's price. Currently, BTC is finding resistance at the top of the Descending Parallel Channel. If BTC cannot break the resistance then I believe it will retrace to the .382 Fib level (43,789) which is also the monthly S1 line. From there it could pump to the .786 Fib level (47096). If BTC can't hold the .786 Fib level then it'll most likely retrace to the 0 Fib level (40661) which is also the price target of the macro bear flag.

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