BTC ANALYSIS 17/12: WHERE WILL BTC'S NEW PEAK BE.

- Currently, BTC is still in an upward price channel (I updated on 8/12), and the current price is rising strongly, causing everyone to question how high BTC's new peak will be and when it will decrease.

- Below, I have used two tools: Fibo and Pivots, and the price range that BTC needs to surpass is 106,136 - 108,500 (this could be the peak before a correction in the next 1-2 days), with the next levels being 120,000 and 135,000.

- However, looking at the overall picture on the D1 timeframe, there are clear signs of a bearish divergence; the continuous price increase of BTC in recent days is mostly due to FOMO. My advice is not to open any BTC positions at this time.

- The current cash flow is pouring into BTC, causing a series of Altcoins to be affected, most of which are stagnant or slightly declining. Altcoin is heading toward the darkest days of buying Altcoin SS. If anyone wants to accumulate, now is not the right time; wait for the market to have a correction towards the 78,000 - 83,000 range.