$BTC
Bitcoin is somewhat stagnant, and the key things to watch in the next month are these few matters.
Everyone is betting on whether the Federal Reserve will cut interest rates in December. If they do, it would be good news; but if the Japanese government bond yields rise again, it could pull money out of the market, which would be unfavorable for Bitcoin.
The short-term chart looks like a 'W bottom' inverse head and shoulders. If it can hold above $87,000, it might surge up to $96,000. However, the long-term monthly chart has a MACD indicator that doesn’t look good; historically, when this situation occurs, it has led to significant drops.
Right now, there is still some fear among everyone, and ETF funds are flowing out. However, some large investors are betting in the options market, believing that within a month it will oscillate between $100,000 and $112,000, rather than a straight line spike. There is still short to medium-term upward potential, aiming towards around $96,400. Daily updates ++🚂