Bitcoin (BTC/USD) Daily Chart Analysis For Week of Dec 16, 2022

Bitcoin diligently retreated to our Mean Sup $17,600 as specified on Bitcoin (BTC/USD) Daily Chart Analysis For the Week of Dec 9. The upward movement is in the process to newly created Mean Res $17,800, extending to Mean Res $18,500 with a high degree aftermath. The retest of the Key Sup $15,850 is the low probability at this time, pending the above scenario being played out.