Bitcoin(BTC/USD) Daily Chart Analysis For Week of Dec 1, 2023
Technical Analysis and Outlook:
With prices trading in a relatively narrow range, Bitcoin penetrated our exhausted completed Inner Coin Rally 37800 and is heading towards the Next #1 Outer Coin Rally 39200 and beyond. On the downside, the intermediate down target is Mean Sup 37300. The subsequent squeezes will likely be significant and turbulent once the market successfully achieves these Outer Coin targets.
With prices trading in a relatively narrow range, Bitcoin penetrated our exhausted completed Inner Coin Rally 37800 and is heading towards the Next #1 Outer Coin Rally 39200 and beyond. On the downside, the intermediate down target is Mean Sup 37300. The subsequent squeezes will likely be significant and turbulent once the market successfully achieves these Outer Coin targets.
