XBT Short-Term 1H | 8-Dec.

The opportunity to rebuy on the drop is almost over.

Bitcoin (XBT) is getting ready to move ahead.
Full moon blessings.

After a resistance level is hit, it is normal to see a correction.

After the 5-Dec. peak, we have a correction to the 0.5 Fib. retracement support for the bullish wave that started Monday 28-Nov.

The bullish bias remains intact.

Additional support is also found at 0.618 Fib. retracement ($16547).

Next target we aim at a higher high.

Namaste.

Comment:

Watchout... 13-14 December bearish news incoming.
We are likely to recover after the "news".