Technical analysis by someshrenen about Symbol BTC: Buy recommendation (12/21/2021)

A. We've broken the RSI downtrend since we were at $69 000 B. We are still in a daily downtrend so there is always the possibility of a pullback as we are still creating lower highs and lower lows, if we manage to close a 4hr candle above the $49 300 mark which was the previous high that would be extremely bullish. Then we can expect a christmas pump towards $53 000 atleast. C. we will remain in a daily downtrend until we clear $53 000.Everything is going as expected . we got the close above $49 300 now we are on the way to $53 000.