AlanSantana

The Last Drop | Bitcoin Will Resume Growing January 2022

Long
BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
Bitcoin last drop is very likely in and we are about to move up... Let's go into details.

Bitcoin has been dropping since the 10 of November with no relief rally/bounce, nothing at all, basically we have been going straight down.
That's 60 days in the red.

The RSI has been ranging near the oversold/weak line for a while now. Normally, Bitcoin tends to recover strong once the daily RSI goes oversold.

We had a recent attempt by the bears to push prices lower which ended up in a rejection, this can be appreciated in the lower timeframes.

Bitcoin's last drop!

Here are the two main bullish scenarios that we look forward to this month.

1) The drop is already over. We will see the green arrow materialize next.

2) One final drop/wick. There is a the possibility of one final wick, a long wick, before a relief rally can take place. This scenario also has good potential and will only extend the correction for a few more days, maximum a week or two...

Conclusion

Bitcoin will go green by the 15th of this month.

What's your take?
Do you agree with this analysis?

Feel free to hit LIKE and leave a comment with your targets.

Thanks a lot for your continued support.

Namaste.

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