Bitcoin could be in for a longer consolidation period than most expect. If it follows 2016 this consolidation could last until October at the earliest before making next leg up. I would bet on more sideways trading activity, probably hugging the 15 week moving average, for the next several months. Towards the end of the year I would expect Bitcoin to move towards 17000 range and retest 10500 before breaking 20000 in 2021. 2021 should be a good year for Bitcoin.
Resistance: 10500, 11700, 13800, 16400, 19000.
Support: 8800, 8500, 7500, 7100, 6500.
Resistance: 10500, 11700, 13800, 16400, 19000.
Support: 8800, 8500, 7500, 7100, 6500.