BTC GOING UP OR DOWN? 74 OR 124?
2024-12-24
Category: None

"Sometimes a person doesn't know whether to laugh or cry about their situation and the future events.
Being optimistic is good, and pessimism is full of trouble...
In this analysis, on the weekly time frame, Bitcoin is on a trendline, but the MACD and Ichimoku indicators suggest a decline, and the candles are still holding strong on the trendline.
Although everything seems uncertain and strange, we must wait...
Nevertheless, I am still confident and interested in Bitcoin being bullish, but if a bit more Bitcoin is sold, it will definitely drop. If it is not sold, the catastrophe will be avoided, negative divergence and oversold conditions will occur, and the upward movement will begin.
The data still shows that Bitcoin is being accumulated... The UAE, companies like MicroStrategy, El Salvador, and other countries and financial institutions are accumulating, but small retail investors are selling.
So, we wait for the next developments.
Target: $74,000 or $124,000."