Bitcoin possible retest of support ~$90k before uptrend resumes

2 ธ.ค.

Bitcoin trades at $95,654 (-1.68%), continuing to work off overbought readings and consolidating the gains that followed its post-election rally to the $99,800 high.

Once the current period of consolidation is complete, which may include another leg lower towards $90,000 (Wave c of iv as viewed on the chart below), we expect the uptrend to resume, leading to a break of 100k.