BTC Correction Before 150k!

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BTC is destined for higher highs, but not quite yet.

In the next week or so, BTC could surpass the 100k level. I anticipate there will be significant selling pressure in this zone, as many long term holders cash in on their long term investment. The market will need to cool off.

I would watch the 99.6k level closely, as we may see a SFP and drop to the 80-86k support zone. After some weeks of sideways movement, I expect a significant movement to the upside coinciding with Trump's inauguration.

NOTE ON ALTCOINS
While BTC is in the 80-86k support zone, alt coins will experience a 20-30% correction, presenting an excellent buying opportunity for many alt coins (e.g., ADA, DOT, HBAR, NEAR, PRIME). By mid-late January, alt season will pick up speed, with ETH leading the charge and many alt coins reaching new highs.

Happy trading,
melonfarmer
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The plan is playing out so far, we saw the failed auction on the 4-hour and the SFP on the daily. I expect us to range for a little while before dropping to the support zone, which could be a good opportunity to enter the market before another push to 150k or even 200k BTC.

I personally am staying in ETH and altcoins, as I predict this is where we'll see the biggest returns.
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