Technical analysis by rarethinker about Symbol BTC: Buy recommendation (12/20/2023)

Bitcoin's recent price movement has shown a strong surge without significant pullbacks. The $32,000 price range is a reasonable entry point if a significant pullback occurs. Positive catalysts, like the implementation of an EFT and Bitcoin Halving in April, are priced in. This doesn't mean that a bull trend won't occur, but it makes sense for the price of BTC to pull back before making a surge higher.