How Is Bitcoin Looking Monthly, Bearish or Bullish?

Here we have the monthly chart for Bitcoin, let's have just a quick look at it.

This is the log chart (BTCUSD, 1M):
Prices remain above EMA10 which is encouranging but not all is good.

After the peak in April 2021, EMA10 was tested as support.

The bounce led to a new ATH in November but not a strong one, signaling more like a double top or lower high rather than a new peak when it comes to the technicals.

What this means is that while BTCUSD is trading above EMA10, it can easily test EMA21 around $36,500 next month if this support level fails.

Here is the regular chart:
As you can see, this is still undecided as the technicals remain strong, but once new highs are hit, it is easier to see all sorts of corrections showing up.

Back after April we had 3 red months.
So far we have 2 only... There can be more.

We are open to all scenarios, bearish and bullish.
The market decides... We read the chart.

Mixed signals right now.

Long-term bullish trend.
Short-term bearish move.

After the correction we continue growing, always, long-term... We will update on the monthly candle close.

We will also look at the yearly timeframe and see what's up.

Feel free to leave a comment if you have any questions.

Thank you for your support.
Namaste.