The price of Bitcoin is approaching its historical records

The price of Bitcoin is approaching its historical records (All Time High, ATH), volatility is increasing, what are the possible scenarios?

Key technical factors of the article :

- The price of Bitcoin is in an increasingly steep uptrend and is very close to its historical records.

- Two market cases seem to me possible for the end of the trading year for BTC

- Experts think it's now time to buy Bitcoin

The bullish slope goes into euphoric mode, prudence

Bitcoin's price has therefore reached our technical target price range of $17,000/20,000 in a cryptographic market still dominated by the leader BTC. The trading volume remains substantial and the momentum of the rise (its first derivative, its underlying speed more simply) is accelerating.

I believe that the market has reached a risk zone, volatility will increase and the market could consolidate/recover very soon, which would be healthy for the underlying uptrend.

Two possible scenarios for Bitcoin between now and Christmas

Bitcoin is clearly in a powerful drive towards its historical record of $1,600. There are two possible market cases: the first is an immediate technical bullish breakout, without pause, maintaining the current momentum beyond $20K.

The second is that of a deep retracement, a logical profit-taking after 2 months of a surge, before resumption of the rise. I'm watching for the appearance of any bearish divergence to rule, for the moment there is none. Be careful because the first tangible medium-term support is at $13,900.