BTC is in a falling wedge and has a lot of resistances to break. Even if it break the falling wedge and the resistance it still has downtrend lines to break.
Smaller downtren channel looks like ending soon, but it still is in the bigger downtrend channel.
BTC needs the money from the after regulation market of S. Korea and new exchanges if not it will go sideways between 8K and 9K until 3rd week of February.
BTC needs to break 9.3K and hold between 9.3K and 11K to get more volume.
PS. Resistance and support lines are not precise
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7350 is a very important support as of now, if it breaks it may go down to 6700s than 6100s and then to 5700s; scary stuff.
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Looks like we are going for 5730s we should have strong support there from old timers, if they didn't cash out yet...