What Now Bitcoin? 28 December 2022

 

A quick look at where BTC/USD is within it's recent price range.

At a glance, price looks like it's bound for lower levels.  The relevant range is between $18,200 and $15,500 and at the time of this post, price was trading around $16,600.  


There's no way to be certain, of course, but the smart $ suggests there are lower prices ahead. 

I don't think crypto is done as a "thing" necessarily the way some folks are suggesting. But if you have friends/coaches and the like suggesting that you load up while prices are "low," I suggest you think twice and at least wait for price to reestablish a trend to the upside on at least the daily chart.


Hope it helps.