Technical Strength Into Year-End
Dec 11, 2023
• 10
Min Read
Bitcoin ($BTC)
“Crypto-winter” looks to be over. A bullish 2024 looks likely technically following a 1Q consolidation.
Bitcoin looks to be giving off strong signals that the crypto-winter that has kept most coins in bear markets over the last couple years has finally run its course. The act of having taken the lead ahead of many cryptocurrencies in finally surpassing the 50% retracement area of its entire decline from 2021 is promising heading into 2024.
Near-term targets lie between $46-$48k, initially lining up near the 61.8% Fibonacci retracement of the decline fr...