Let’s start with the fact that last week’s trade was justified, and it is still relevant. Buyers managed to keep the price above the liquidity zone of $16400-16600.
Over the next few days, we expect that buyers will find the strength for another upward impulse. The main task of the upward momentum is to break the next portion of the shorts’ stops, which are hiding above $18000.
And then, ideally, the final retest of the strength of the liquidity zone $16800 – 17100. If buyers do not allow the BTC price to consolidate below this zone, then it will be possible to speak with greater confidence at least about a local change in the trend.
At the beginning of next week, increased in the market is guaranteed. After all, on 13.12 the US Consumer Price Index ( CPI ) will be updated, and on 14.12 the will announce a new US Fed funds rate (forecast +0.5%)
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