#Bitcoin
(2016 vs 2020 vs 2024)
Bitcoin may experience a 30% sell-off after touching either the blue or red line. This decline could last approximately 3 weeks, and subsequently, the altcoin season might begin. I believe it's more likely to drop after touching the blue line.
For this week, the blue line is at: 117K
For this week, the red line is at: 137K
Temporally, contact with the line could happen during the second week of December. Based on this, a major altcoin rally might start in the last week of December or the first week of January.
