BTC - NEW ATH in December or DROP?Bitcoin / TetherUSBINANCE:BTCUSDTCrypto-Check-Hello BTC Watchers 📈 Bitcoin has, historically, been very bullish in Decembers. We see the most drastic increase in 2020, when BTC climbed over 140%. During the times that BTC corrected over December, it's been 10% and 31%. This makes it hard to predict seeing that it seems to be different every year with one year even trading in a tight range. A few things we can do to clarify the possible direction of BTC This December: 1️⃣ Check the Macro From a macro perspective, Bitcoin has increased and been increasing since April, with the hard drop only showing now in November. This could mean two things - the correction before a final leg up or, the beginning of the bearish cycle. 2️⃣ Check Technical Indicators a) The moving averages is pointing towards short-term BEARISH, since we are trading UNDER the 200d Moving averages(green line): b) The Bollinger bands are showing an expansion (aka widening) but to the bottom, as the price is trading on the lower BBands, also indicating strong selling pressure for the short to near term: 3️⃣ Watch the News Bitcoin has been coming up in many seemingly "bullish" articles. This is usually a bad sign before the liquidation - create hype, and then short the market. Conclusion: I'm leaning towards a soft pump in December to soften the blow of the current correction , but not a new ATH. The next increase will likely be a "fake-out" before the real bearish season starts in the new year.