Bitcoin is trading election results. It is now a macro asset. It responds to macro events. Trends ensuing from elections have long staying power. Best to ignore resistance levels and be patient. If it corrects, too bad, very likely it will be only temporary. Opinion not advice.
The key $BTC driver until Jan/5 will likely be the Georgia Senate election run-off, that would determine if Democrats get to control the senate. If they do, hello massive spending and currency debasament. If they don't, we get a stronger dollar. Bitcoin is trading that.
I think Trump's contesting of the elections will represent noise as far as markets are concerned. For those who disagree, this here likely is an excellent spot to sell some $BTC. That won't be me.
Caveat: virus wave. Market is ignoring it for now. This could be a game changer in 3-4 weeks.
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