📢 $BTC Updated on December 19, 2023:
$BTC update :
The day frame after testing the 39k - 40k7 support zone popped up and closed the candle. The green candle's body was quite long, completely covering the previous red candle. Furthermore, the lower moment was quite long, showing buying pressure in the 40k5 price range. quite high, and at the same time determine the RSI analysis between bottoms 1 and 2.
If the price closes above 43k475, it confirms the pattern of 2 bottoms in an uptrend, confirming that the uptrend is likely to continue and the next target is the 46k8 - 48k9 area.
The BTC trend continues to support frame D bulls, however, the price may not be increased immediately, still needs to accumulate. In the H4 frame, bulls gradually regained their advantage, the price could test the 42k - 42k8 range, before continuing to go up.
If the day closes above 43k475, the trend is the 46k8 - 48k9 zone.
However, in my opinion, when BTC increases to the above target area, BTC.D also increases but does not negatively affect altcoins because at this stage there is quite a large cash flow in the market.
