Well... The monthly candle on the BTC market has closed with great prospects for continued growth. After a sharp price fall on 25 November, sellers did not even think to take the initiative. Buyers passed the critical point $18,550-18,700 without even noticing.
As a result, the BTC price movement from 16 October continued in a clear growth channel. The next possible short-term buyers' target is in the range of $20,500-21,000.
If you take into account how today, after breaking $19,200 down, buyers quickly eliminated sellers, it seems that the price should not stay long in the current range. In any case, it is advisable to consider medium-term short positions after breaking $17,700 down.
The BTC dominance has great potential for increase.
An alternative scenario at the moment is to reduce the BTC price to $18,550-18,700. It will be clear what forces buyers still have.
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