$BTC | Bitcoin | 1D Update
I don’t usually post $BTC updates, but this one feels significant. The 0.236 Fibonacci level has proven to be a critical support zone.
If we break below this level, we could see a drawdown to the 0.382 Fibonacci level, which would likely cause an even sharper correction in altcoins.
However, given that it’s the holiday season, I don’t expect significant market volatility. Historically, the festive period sees an outflow of smart money, keeping price action relatively subdued.
Looking ahead, I expect the market to gain momentum after the New Year, and this time, it could truly be explosive.