The situation with BTC is uncertain for us, BUT we see more arguments for a rise above $100,000. So far, it remains within the range and the signal of a potential high is blurred on the weekly timeframe (https://www.binance.com/ru-UA/square/post/17958405715809).

For bulls with BTC, it is important today to close above the level of $97,800. This will open the way for growth to the next important volume level, still within the range scenario - $102,757.

At $97,800, the EMA 50 on the 12-hour timeframe is currently passing. There has been a breakout and retest of this level yesterday and today. Closing the current 12-hour candle will confirm the success of the retest. Among the moving averages, additional support is the EMA 50 on the 4-hour timeframe, currently at $97,970. As long as the price is above these two EMAs, growth is clearly a priority.

In yesterday's review (https://www.binance.com/ru-UA/square/post/17996713097457) we wrote:

«… The movement in the range can be calmly discussed both with a rise to the significant volume level of $99,481 and with a rise to the significant volume level of $102,757. Only a consolidation above will open the chance for a new ATH.»

As a result, yesterday's high was $99,488, a strike at the level with an accuracy of a few dollars. Its breakout would be an important signal for a move towards $102,757 as the next important resistance. And from there - the resolution. Continuation of the range or a leap to a new ATH (the latter is not a priority for us yet).

According to our indicator, the price still cannot transition into a sustainable uptrend on the 4-hour timeframe, which would open the path to $102,757. Approximately there is a potential extreme base target with a change of sustainable trend. On the 2-hour timeframe, the base target of $98,720 has been reached, while $100,028 has not been reached.

On the daily timeframe, the mark of a potential low was there yesterday but disappeared because, due to active growth during the day, the candle that was the last in the descending structure became the first in the ascending one. And currently, the ascending structure on the daily timeframe is maintained. If it remains - with a growth potential until December 30 - January 1.

On the hourly timeframes, the structure looks bullish, like a 'Bullish Pennant'. And the main thing is not to end up with a joking pattern 'Bart Simpson' with a target around $94,000 😁. It’s worth keeping an eye on the risks through the signal of transitioning into a sustainable downtrend on the 30-minute timeframe. This could be an early signal of buyer weakness.

As for the bullish strength indicator, it has already been written above - we need to wait for the resolution of the situation on the 4-hour timeframe.

If very briefly:

- a sustainable uptrend on the 4-hour timeframe - a move towards $102,757 and a breaking point in the range.

- a sustainable downtrend on the 30-minute timeframe - the risk of a move to around $94,000 and then a reassessment of the situation.