Bitcoin- The do or die moment and... I think the latter

٢٩ ديسمبر ٢٠٢١

As I said in my yesterday's Total Crypto Market analysis, I think is "bye-bye happiness" for crypto for the time being and, in my opinion, we are in a bear trend.
Bitcoin has dropped yesterday around 5% confirming my bearish view and has stopped at 48k zone horizontal support.
Considering the corrective structure of the 42-52 rise and the impossibility to hold gains above 50k, I believe we are very close to a new and aggressive leg down.
At this moment we could have a small recovery for the price and this is a good opportunity for bears to sell short.
Only back above 53k would deny this scenario