Part 2/8:
Bitcoin's performance has appeared stagnant since mid-November, particularly around the major psychological barrier of $100,000. Meron indicates that this plateau is not necessarily bearish but highlights a critical moment of indecision within the market. He emphasizes that the price must hold above the 21-day moving average to prevent a potential sell-off. If Bitcoin fails to maintain this level and continues to experience sideways momentum, a correction ranging between 20% to 30% could be on the table, bouncing down towards the 100-day or 200-day moving averages.