Markets have responded by recovering last week’s prices after an early week sell-off that saw Bitcoin and major altcoin prices come back to test late-November lows.
The trend confirmed the forecast written on Monday and described in a previous article. CryptoFocus Live Video Broadcast on Monday.
In fact, the two sub-cycles that ended between Monday and yesterday, Thursday 22nd December, have shown higher lows and higher highs, leaving room for further extension over the next few days.
If so, despite still ominous clouds, there is some sunshine on the charts in the short term and we may return to assess the resistance levels identified prior to the recent drop over the weekend. there is.
The following weekend usually coincides with Nativity, a period marked by thin trades.
We need to maintain levels these hours to revisit the positive weekly results needed to boost our confidence, which is currently unchanged from Monday’s levels. This shows that traders have started reacting emotionally to the disappointments of the past two months.
Bitcoin price prediction
After several hours below $16,300, it will have to recover and hold above $17,000 for the first time since late November.
A dive that lasted several hours, perhaps for a test of support with short-term bearish speculation.
The next week will be decisive in trying to limit the damage, not only numerically, but statistically.
ethereum price prediction
short-term technical structure of ethereum similar to that of Bitcoin because of the price difference.
As for ETH, it needs to break out of $1,300 within the next week to show signs of short- and medium-term reaction.
A break below $1,100 is negative as it risks an emotional default and takes advantage of the current period of low trading volume to lure bearish speculation.
