Bitcoin and altcoin overview (December 19-20)
2024-12-19
Category: None

It's been about 2 weeks since our last analysis, and now we're returning with daily posts on weekdays, except for the New Year holidays of course.)

During this time, Bitcoin traded within our two marked volume zones $100,000-$103,000(cluster anomalies) and $97,000-$94,400(braking volume) and has already managed to break out of this sideways movement, setting a new ATH again.

At the moment, we have corrected to the buyer's zone of $102,000-$100,000(accumulated volume) and have already received a reaction.

The main expectations are movement towards the local selling zone of $103,200-$104,200(maximum horizontal volume of the downward wave). In the near future, we should expect the formation of a full reversal structure and a retest of ATH, as we haven't seen any anomalous aggression or strong fixations from sellers yet.
 
Selling zone:  $103,200-$104,200(maximum horizontal volume of the downward wave).

 Buying zones:  $102,000-$100,000(accumulated volume), level $94,200(buyer aggression), ~$80,000(volume anomaly), $77,000-$74,000(large volume zone).

 Interesting altcoins 

For  SOL , we are in the buyer's zone and can now notice strong absorption of sales. We expect the formation of a reversal structure through the marked scenarios.
If there's a complete breakthrough of $199, we'll cancel the quick recovery scenario.
