Still, I have a feeling that the bulls are exhausted:
- Many alts have stopped growing for some days
- We see BTC has divergence in terms of
- $11k is a critical , as it is the 1.618x of the neckline (I already mentioned it in my previous post)
In this context, I see BTC retesting lower levels in the coming days before eventually rallying to $12k by March.
in any case, to say it's going to "2k" is like saying it's going to "-2k" or "-1million".
Seems the TV crowd loves sensational posts.
BTC is probably going to trade in range & accumulate
10k is possibly the key: if we never touch it, it's just range-trading & accumulation. if we cross 10k, possibly 9.5 will be the bottom of this correction, and it'll take longer to retest 11k
I think 10.5k will be the new, higher low
Decidedly bullish but breakout isn't guaranteed today
the market seems determined for breakout