The extended agony

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First things first. Happy New Year gentlemen, I hope that this New Year we all achieve our goals.

I apologize for not posting recently, but between the dullness of the market and the hustle and bustle of the holiday season, there is not much news to report.

We already knew that we are in a bear market, beyond the arrival of the "death cross" scheduled for December 24 and now for January 13 or 14, Delay this due to the price action upwards in the days from 21 to 27 December, which although they did not overcome the resistance of $ 50 thousand, nor reversed the downtrend, if they did delay the arrival of the famous event.

We should not get excited about the recent rallies. The price broke out of the last range (51k- 45K), breaking the support at 42K and then further down to 39.9. It is likely that we have already seen the bottom of this bearish season and we will soon start a new phase of accumulation and bullishness, in search of historical highs (next 6 months of 2022). But this delayed arrival of the "Crossing of death" leaves open a probability to go even lower (maybe 35 thousand?).

This can only be seen as another opportunity to buy Bitcoins on sale. Soon those prices will be history, as the 20k is today, as Bitcoin is still today the best performing asset in the last 10 years (since its creation).



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