Careful with the final days of the year. Historically, liquidity tends to be thin, and some selling can occur as traders close positions for tax reasons. That does not guarantee downside, but it can add short term pressure, especially around year end.
If we do get a dip, I would welcome it. Late December 2020 saw a similar pause before a very strong 2021, and while history does not repeat perfectly, the setup feels familiar. I would be looking to add to a few positions on weakness.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
#Bitcoin outlook: watching the 84k area.
Careful with the final days of the year. Historically, liquidity tends to be thin, and some selling can occur as traders close positions for tax reasons. That does not guarantee downside, but it can add short term pressure, especially around year end.
If we do get a dip, I would welcome it. Late December 2020 saw a similar pause before a very strong 2021, and while history does not repeat perfectly, the setup feels familiar. I would be looking to add to a few positions on weakness.