#BTCOutlook On December 20, Bitcoin's daily chart produced three consecutive red candles for the first time since the first week of November, which coincidentally was the run-up to Donald Trump's victory in the US elections. Another similarity between the last time three or more red candles were observed on the daily chart was that Bitcoin retested the 50-day EMA level. With the price of BTC down more than 15% from its all-time high, one analyst said much of the decline is potentially over for the largest cryptocurrency. With the price of Bitcoin falling below $93,000 on December 20, experts say the BTC correction is nearing its end. Such divergences are usually followed by an 8%-10% drop, which is considered a "healthy reset".