Technical analysis by SniperSignals about Symbol BTC: Sell recommendation (12/23/2023)

In order to alert you, signals of a correction before the next halving are on the table. In first place, a huge divergence on the price in concordance with the rsi. Similar one to the 2021 dump of price, nevertheless i think this won't be as fatal as that one. I expect a healthy retracement to 35-32k according to the fibonacci indicator, further could be catastrophic, but it is in a pre-bull market so it wouldn't be normal to not find a support at that price. If i'm wrong please delete this from your mind, if not, be careful market is unpredictable. Good luck to everyone and happy christmas.Resistance rejected again, it formed a bearish flag pattern. Support is at 40000-40500.. I expect a break below that level in the next daysI was right, set your belts, we're going to 35k