Bitcoin Update Dec 7 9:15 PM EST Price 50,511 (Patreon)

Good Evening

Just a quick update.

BTC behaving as expected. Sunday's video suggested a move to the zone of the mid '50s this week. We are on target to see the 54-56k challenged in the next couple of days and we can expect some resistance at that level.

Closing above the 56K could set us up for the real challenge which is the 59-64 zone. A close above 64 in my opinion would take us out of the woods and set us up for a test of our tops at the 65-69 range and possibly the run we all hoped for in December.

None of these are expected to be a walk in the park but if we get a surprise and clear these resistances without too much fanfare then I feel we could still get the 2 week run in December that is still possible.

In summary, we have lots of work but it is possible that the first resistance levels will be accomplished in the next week but we need a little help to close above the 60 level

Back in October, I repeatedly mentioned that my tIme analysis has progressed out to late January and into February. This is now more evident after this week's dump.

Overall the bullish patterns are still intact providing we DO NOT revisit the 42K level again. If that were to happen I would be deeply concerned about a crypto winter.
I mention this, NOT because I feel we are going there but rather that everybody needs to be realistic and prepare for it with a plan.
Crypto winters are long and harsh

Right now I am looking for the 55K in the coming days then pushing through with the 60K target hopefully in the near future.

Have a great evening
Martee