Bitcoin price is heading into a crucial market zone

Bitcoin (BTC), the pioneer among cryptocurrencies, has shown another interesting price movement. This article from our Premium Environment provides a technical analysis of BTC’s recent price movements. We discuss what these trends may mean for the future and your investment strategy.

For just 1 euro you get access to our premium environment, where we delve deeper into the subject. Please note that this article is for informational purposes only and does not constitute financial advice.

Technical analysis of Bitcoin price (BTC).

Crypto Insiders analysts recently shared new Bitcoin analysis with Premium members. They shared the following:

“BTC has struggled to rise recently. According to our analysis, Bitcoin is still in the fourth wave of a 12345 Elliott Wave pattern. It looks like the price is slowly preparing for the final wave higher.

We expect this increase to take BTC into the blue zone, which lies between the Fibonacci levels of 127.2% and 161.8%. This means we set goals between $46,000 and $48,000.

However, it is currently unclear whether Bitcoin will then hold its own or undergo a strong correction. This depends heavily on the general market sentiment.

The next few days are crucial for BTC. They will be crucial in determining whether the price can maintain its upward momentum. We remain vigilant as this period can tell us a lot about BTC’s future direction.”

Date of analysis: December 17th. Link to trading view:

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences. These therefore serve exclusively educational purposes.

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