BTC price analysis, 12.12.2021

BTC-USDT, daily chart

Price action: price attempted to pass over the EMA 200 to regain a bullish signal, but now it is still below it. Support at 47k seems not too strong to hold more time if price doesn't go above last accumulation zone of late August at 50k. There is no true sign of reversal as long as it regains the 50k level at least. MACD is attempting to cross the signal line but it is necessary some buffer space between these two lines. Next support is at 45k, but the strongest one is on 42k.

RSI indicator: for now, no RSI-action could be taken to study a position opening, we must wait for this line to form an higher low.

Volume analysis: there is no sign of volume neither from bulls nor from bears at this time.

BTC-USDT, weekly chart

Last candle is a "no-sign" candle: volume candle is the weakest of the entire year.

Recap: at the time of writing, it is very difficult to find a sweet spot for a long position.