Bitcoin (BTC/USD) Daily Chart Analysis For December 31, 2021
Technical Analysis and Outlook:
Bitcoin losses widened last week after completing a short, intermediate rebound and revisiting our Mean Sup $46,290. The current course designates a down path to retest our Completed Outer Coin Rally $42,500 and possible Key Sup $40,700 - thereby pending confirmation the BTC is bound to reverse strongly to the upside. Stay tuned.
Bitcoin losses widened last week after completing a short, intermediate rebound and revisiting our Mean Sup $46,290. The current course designates a down path to retest our Completed Outer Coin Rally $42,500 and possible Key Sup $40,700 - thereby pending confirmation the BTC is bound to reverse strongly to the upside. Stay tuned.