BTC/USDT
2024-12-02

We are currently in a rising wedge pattern, which is generally considered a bearish setup. Despite multiple attempts, we've been unable to break above the $100k mark, which has proven to be a significant psychological barrier, accompanied by strong selling pressure. As we approach the new year, I believe there's a high likelihood we may see a pullback to the $75k level. However, this could set the stage for a strong reversal, invalidating the bearish scenario and paving the way for a move toward the $170k target. During this dip to $75k, we could also see a major altcoin season, with many altcoins potentially experiencing significant rallies.