BTC rate - without any significant changes since yesterday's analysis. We are smoothly approaching December 18-20, when we expect a surge in volatility, a reversal of the#BTCPrice Volatility Index.
The price is currently consolidating under the ascending trend since December 5. Attempts to break it have been unsuccessful so far - after squeezes, the price returns under the trend. According to local (there are simply no others near ATH) volume levels - we added the level of $105,963 to yesterday's $104,697. Plus, we moved the lower levels a little. The entire current picture of volume levels is on the screenshot.
According to our P73 Trend & Target Dynamics indicator, yesterday's growth clearly worked out the density of targets up to the level of $107,722 (we wrote about it again in yesterday's review). And after the new ATH of $107,793, the price began to correct. So far in the local range, but even on the 30-minute TF it is still in a stable uptrend. It is impossible to talk about any significant correction until the price moves into a stable downtrend on the hourly TF. This means that the price is up to $113,578, which is currently relevant.
In case of a transition to a downtrend on the hourly TF in the coming days, we will wait for a test of the volume and mirror level of $102,757. $BTC