BTC could drop between the 0.786 fib level and the 1 fib level
0.786 fib level could hold support though
although we have broke the downtrend i see a small double top which could send us down slightly
also with the new tax bill coming into place in the US whales are probably going to be selling off some BTC in the remaining few days of 2021 and the start of 2022.
Also crypto in general is over leveraged like it was before the previous flash crash, which indicates another correction is coming
after this correction i believe an extended bullrun will take place for a few months, but what do i know.
also More ETFs being released, More institutional investors ready to spend their big money and NFTs and the metaverse getting even bigger which i in my opinion is bullish for the whole crypto market going into 2022
0.786 fib level could hold support though
although we have broke the downtrend i see a small double top which could send us down slightly
also with the new tax bill coming into place in the US whales are probably going to be selling off some BTC in the remaining few days of 2021 and the start of 2022.
Also crypto in general is over leveraged like it was before the previous flash crash, which indicates another correction is coming
after this correction i believe an extended bullrun will take place for a few months, but what do i know.
also More ETFs being released, More institutional investors ready to spend their big money and NFTs and the metaverse getting even bigger which i in my opinion is bullish for the whole crypto market going into 2022