BitcoinShort
Updated $BTC Chart: Volatility Increasing $51k-54k then $23-25k?
My latest thinking on BTC:
BTC is in the process of carving a bottom. I think there's likely to be one more pullback to test support here at the $32-34k region and/or slightly sweep the lows before BTC starts moving higher towards the last week of January.
Then I think we should see a strong bounce inBTC which surges upwards towards the 51k region either stopping at that support and reversing lower, or potentially extending all the way up to the 
54K resistance before turning lower.
At that point, I anticipate the entire market flipping bullish because of how quickly we bounced, however, I think at that point (towards the middle/end of February), BTC will reverse lower and sweep the lows ending up at support in the
23K-25k region. This should happen towards the middle of March to the middle of April.
Let's see what happens from here. I'll update as I see price action change. The dates on the chart are important pivots for price action.
BTC is in the process of carving a bottom. I think there's likely to be one more pullback to test support here at the $32-34k region and/or slightly sweep the lows before BTC starts moving higher towards the last week of January.
Then I think we should see a strong bounce in
BTC which surges upwards towards the 51k region either stopping at that support and reversing lower, or potentially extending all the way up to the 54K resistance before turning lower.At that point, I anticipate the entire market flipping bullish because of how quickly we bounced, however, I think at that point (towards the middle/end of February), BTC will reverse lower and sweep the lows ending up at support in the
23K-25k region. This should happen towards the middle of March to the middle of April.Let's see what happens from here. I'll update as I see price action change. The dates on the chart are important pivots for price action.
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