BTC BULLISH SCENARIO: A LONG BUY WICK OFF 97K SUPPORT INTO 100K 
2024-12-20
Category: None

In my opinion, this scenario is the most likely to play out because bulls are showing strength even during dips, indicating they’re not ready to stop buying yet.

 Here’s what I think will happen: 

We bounce off the  96K-97K support , forming a  strong long-buy wick candle , which sets the stage for the next week (starting December 23rd) to turn green. I’ve included a simulation to illustrate how this might look (check candles)

The key for me is staying within this channel— above 97K but below 100K —for some time. If we can consolidate here for a month, it creates room for altcoins to rally, delivering significant profits. As altcoins surge, BTC dominance (BTC.D) will drop, enabling massive altcoin gains. Eventually, that capital will rotate back into BTC, pushing it above 100K once again making higher highs.