GKC Bitcoin prediction December 2024 An opportunity to swing trade?
Technical Analysis:
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Prediction Summary:
Any price over 91K is what I personally consider a safe buying zone and anything below 100K a safe profit this week.
Bitcoin might stay between 91K and 100K in the coming days or weeks.
Long term remains bullish.
The white Fibonacci Retracement shows the most likely price support ( colored lines) with the thickness being in relation to a descending order of probability.
In the unlikely event of a drop below 91K, I do not plan to cut my losses and sell. I hodl.
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Fundamental Analysis:
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>The dip was likely caused by quantum tech FUD
>El Salvador and Argentina Regulators Sign Agreement to Help Develop Crypto Industry
>MicroStrategy Purchases 21,550 Bitcoin for $2.1 Billion USD
>$3.85B USD flowed into crypto investment products
Tools used:
Fibonacci Retracement
Projected Forecast
Ghost Feed
This is not investment advice or financial advice. These are my own subjective thoughts on Bitcoin/altcoin price actions.
sources:
coinmarketcap.com
www.coindesk.com
coinmarketcap.com
coinmarketcap.com
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Thanks for reading!