$BTC

BTC Price Analysis

Brothers, BTC has been a bit floating recently! On December 16 and 17, although the bulls pulled the price above the resistance line of the rising channel, they obviously did not stand firm and rose a little guilty.

From the data, the moving average remains bullish, indicating that buyers still have an advantage, but the RSI has a negative divergence, which is a warning signal - the upward momentum is weakening and a bit weak.

What is the next key point? The 20-day moving average is the first line of defense. If the price can rebound from here, the chance of breaking through the resistance line will increase greatly, and there is hope to rush to $114,187, or even $127,000! But if it can't even hold this and falls directly, it will be bad. The short-term bullish logic will fail, and the price may go all the way down to the 50-day moving average ($90,998).

To put it simply, the next scenario is: either hold on to the rebound and take off, or collapse and turn around and go down. Keep an eye on the key points, don't be impulsive, the opportunity lies in the details!