Support is reacting and Bitcoin is rising again towards the red key-level

What Market Phase are we entering into has been the introductory question for our last appointments. Are we going to listen to the Bulls or the Bears?

Are we going to see a Bull Market or a Bear Market?

Welcome to Surfing the Market, we are already at our 84th appointment and I hope that with these easy tech analysis we have helped you in some forms, even just to evaluate different market perspectives.

Let’s start from our usual weekly perspective

Bitcoin bounced from the green support and has already reached again the red level, that is going to be our key resistance for the price action.

What do I expect from a daily perspective?

Today’s candle Is knocking on the red level and I am not sure that the price will likely manage to succeed in the break-upwards during these Christmas holidays as volumes may be missing from the market. Still, a few years ago the bull-run started exactly during Christmas holidays but volumes were lower and prices were much lower.

There has been some uncertainty and price is now fluctuating between the green and red levels.

DXY has broken the previous level and we are now again in a descending phase towards 100 points. From this, Bitcoin can get some advantage in its price.

Moving averages are bullish but they are far from the price action so they are not yet giving strong information.

Ichimoku Cloud are expanding, and now the upper limit is in 41500$ area, that can act as an area of support.

And now, what from a Volume perspective?

What to observe particularly?
Last week I was writing this:

Some consolidation happened and now price is trying again the bullish path.

And the long squeeze happened when touched the red line. I expect now some consolidation and a potential next bullish movement.

Stay tuned and be sure to follow to get noticed when my contents come out.

None of what I write can represent a financial advice in any form. So Do your own research before taking any kind of action.