BTC-4h. Price growth is accelerating. Critical point - $29130.

What is the magic in the crypto market? This is when the whole world is celebrating the New Year, all markets are closed, liquidity and volatility should be low ... And Bitcoin is renewing its historical high. The long-awaited mark of $30,000 was broken.
After the test, sellers appeared on the market at a price of $34,788. Their main liquidity zone is in the range $33600-34450. Keeping this range, sellers lowered the price of BTC by 16% in a few hours. The sharp collapse of the price to the mark of $28,130 occurred due to the breakthrough of the local trend line, which buyers formed on December 29.

The critical point for the continued rise in BTC prices is the range of $29130-29700. After breaking this range, sellers will very quickly lower the price to $26,400.
In the previous idea, we drew a red curve showing the acceleration of the BTC price. As you can see in the chart, it works great. The main question is whether there is still the prospect of acceleration without correction (range $38000-40000) ?? buying bitcoin now should be scary. In any case, for short-term or medium-term speculation.

Reducing the dominance of BTC will give a chance for the growth of other coins. However, only if BTC buyers keep the range of $ 29130-29700.

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We create both short-term ideas (for a local understanding of the market situation) and medium-term forecasts of price movements.
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