Technical analysis by TopgOptions about Symbol BTC: Sell recommendation (12/11/2024)

If you haven`t bought BTC before the recent rally:Historically, Bitcoin has shown a tendency to retrace in December before starting a recovery around March. This pattern could repeat this season, with BTC facing selling pressure as year-end portfolio rebalancing and macro uncertainties weigh on the market.While a brief Santa Claus rally might provide temporary relief, the bearish trend is expected to dominate until March. By then, BTC could trade below 84K before regaining momentum, aligning with its historical recovery trend as market conditions stabilize in spring.