Technical analysis by Orriginal about Symbol BTC on 12/1/2025

Bitcoin Daily Chart showing VRVP on the right. The lines mentioned below can offer Resistance, Support. Horizontal Dashed Yellow - Value Area High VAH currently around 128K usdt Horizontal Dashed Red - Value area Low VAL currently around 95K usdt Horizontal Dotted Red line - POC, Point of control currently around 110k usdt Horizontal Dashed Blue line - Current ATH The Red diagonal "line " is part of a 236 Fib circle that often provides strong resistance and, on this occasion, has rejected Pa ever since the current ATH. PA is getting Squeezed between this and that 2.414 Fib Extension, forming a pennant with an apex around 4 Dec. PA ALWAYS REACTS BEFORE THE APEX so I do expect a sharper move from PA by the end of the 3rd Dec. The possibility does exist that the Bulls will make a stand and PA, rarely, may just range through this but that would then, at least , take us to the other side of that Fib circle and Offer hope that we Remain above that circle. But, For me, I am sideing with a Drop lower, maybe to that next Fib Extension at around 78500. This will scare some people and knowing the direction after that is hard to tell. As yet, I have not seen many signs of short term recovery But.......... The Daily MACD is VERY OverSold and has the room to recover. But shorter Term, the 4 hour MACD is still falling BEARISH and has room to drop further . So, as mentioned in a number of posts, This month is the KEY to telling where we are...Bull or BEAR. But I think dynamics have changed and the time ay have arrived were we look at Bitcoin PA in a different Way We Wait....... This is Bitcoin