Bitcoin momentum slowed down

17 dic 2023

BTC Momentum has taken a small break after a significant move into the 40K territory. In the short term, I anticipate a continuation of the pullback to a previously established support area between FWB:39K and 38K, especially with holidays approaching. I will be closely monitoring the market and placing alerts to stay informed. This bearish expectation is based on the 50 EMA line acting as resistance and a previously double top pattern. However, it's crucial to remain vigilant as unforeseen events during the holidays can influence market dynamics. In the event of unexpected price action, it's important to have a risk management strategy in place.