Why I'm holding onto my bearish outlook, 38k Bitcoin incoming?
Even with BTC buyers pushing it to 47k,
they seem stuck outside the Bulls' original trend channel from back in December 2023. Numerous attempts to re-enter the channel failed, notably at $45,900 and $47,900, resulting in catastrophic rejections. 
While some may see this as bullish, it signals strong bearish potential. If the weekly chart doesn't close above $45,900, we might witness sideways movement through January, with a potential unexpected dump by February. Stay cautious, especially as BTC ETF approval could exacerbate the impending dump.
While some may see this as bullish, it signals strong bearish potential. If the weekly chart doesn't close above $45,900, we might witness sideways movement through January, with a potential unexpected dump by February. Stay cautious, especially as BTC ETF approval could exacerbate the impending dump.
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