Bitcoin-A bull case senerio
Institutions year-end profit-taking and position-changing sell-off see an end. Despite institutions dumping, the market shows great strength, finding strong support in the support box. In addition, BTC again sees net outflow on-chain, and funding fees all turn negative, meaning that in the short term, it's hard for BTC to have another huge leg down. Most probably sideways and bouncing off the support. Target: 50-52k
Note
Whether the US institutions rotate back into this asset class at the beginning of the year is of most importance to bitcoin.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.