Technical analysis by tokentradertv about Symbol BTC: Buy recommendation (12/8/2023)

How high could this BTCUSD pump go? 48K is a solid level to exit.There was a local low at 48K in March of 2022.The Fib retracement level .618 between the ATH of SWB:69K and cycle low of 16k is at 48KMany traders are talking about exiting at this level, which will bring selling pressureI can understand HODLing through the ups and downs, but if you're long with leverage, 48k seems like a great place to exit a trade.I know I just made a price prediction for 136k for Bitcoin, but I think a temporary retrace is likely. Especially if the ETF is announced, and many traders exit to take profits."Buy the rumor, sell the news." We are in the rumor stage, people.