Bitcoin Analysis 8/12-12/12
Given the upcoming news on December 10 and the possibility of preemptive events, there may be a preemptive decline. The current situation is still positive, and the lower part according to the Fibonacci golden zone. If it breaks 94000, we will see 99,600, and if it rebounds from 93800, we will see 89600, then 83540, and if this number breaks down, we will see 80000 again. It all depends on the news and how the market reacts to it. Usually, the psychological factor is more significant, and the decline benefits the whales in extracting liquidity, while speculators in the end of December and January most companies work on preparing budgets for profit and loss, as well as Christmas celebrations and holidays. This is not advice or an invitation to buy, but a stop-loss is required, and reinforcement is necessary for the losers, keeping part of the portfolio for reinforcement and buying at the end of the red candle.
Best regards 😀
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