Regarding the BTCprice correction against USDthat we are observing, fundamentally, a “key” indicator was touched, and that is the unrealized gains/losses falling below 55%. That tells us that the downward behavior is in response to this exercise. December is a month of closing of funds that distribute profits, such as several of the giant Greyscale. On the positive side, it is good that this is happening at the beginning of the month, because it leaves a wide range of days for eventual recovery. The main indicators on the attached 4-hour chart are in an oversold position, indicating that the next trend movement should be up. We will keep you posted for further developments.
Chart – BTC Projection (12-04-2021)