I expect price to reach at least $14,000 and use the $12,000 area (current resistance) as support once it breaks out.
contracts expire tomorrow (Friday 26 January 2018 at 16:00 London Time). I expect the bulls to take this one and relieve the pressure from BTC and all other alt-coins. Every crypto-trader knows how hard it has been to trade in alt-coins these past two weeks. A price boost to BTC should re-gain the confidence of crypto-invesetors. Expect a spike in alts since investors would be positioning themselves and expect prices to boost. Should be a very merry weekend.
This is not a complex analysis and I believe that sometimse we should take a basic approach in our reasoning and theories.
This is not an investment advice, always do your own research.
ABCD Pattern is still active. No breaks has been made on either side.
Those who are deciding whether to get into crypto should be thankful for this discounted buy-in to the crypto market.