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  • Writer's pictureHenry

Bitcoin Price Chart Analysis for 20th December 2023

Bitcoin is moving as power our analysis and we touched 44K that we had discussed. Price went above towards 44200 levels and now the time has come to check where this B wave will end.


Most Alt coins are rallying too, SOL touched 80, and Avax is also showing bullish signs. This looks pretty good time to plan a pull back trade.

Looking at the structure it seems that Bitcoin should go beyond 44800 levels and then there can be some shorting opportunity.


Bitcoin


If Bitcoin goes above this red box, then it will create panic among sellers, and might rally towards 44800, we are probably in 4th wave of wave C upside in ABC pattern that is unfolding for wave B completion.


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