BTC outlook - Bearish Trend continues

29 ธ.ค. 2022

Here's a quick look at the 3-day BTC chart. As we can see, the price has been oscillating within the bigger descending triangle. If DXY (Dollar Index) keeps rising, we should expect the price of BTC to go further down!
There are some unfilled Fair value gaps between 11k and 12k. Also, there is an unfilled CME gap at 9.7k! These gaps tend to get filled at some point! These gaps will likely get filled in this bear market since the DXY is expected to rally from its current level - when the DXY goes up, the BTC price will go down!
I firmly believe the bottom will be close to the 10k area. We have yet to see the last capitulation, IMO, yet! Trade Safe!
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BTC dictates the market. If BTC falls, then Alts will fall as well. Trade safe!