XBTs next move is going to be a big one. It doesn't have to be a 'make or break' move just any move will do. Even if the price continues to move down range there is just enough room for XBT to start revealing itself. Never forgot BTC is the honey badger so anything is possible but these major trends are coming to a junction and the fallout will reveals some potentially lucrative data.
Not advice just advice. Mostly drawings and opinions. Good luck
- A
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I forgot to mention the golden arrows represent a very long-term trendline that if broken above would imply a full on bullish break. BTC has been descending a long downward channel that it has yet to break out of since the 13k High.
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Battle of Purple and Gold. XBT is inside the ascending channel in gold but stopped half way up when it encountered the bottom of the descending purple triangle. The Ranging that is happening between the bulls and bears is starting to look natural. As though nobody knows what is going to happen next. Despite all my lines pointing towards more downside the emotional and psychological aspect tells a different story. BTC/XBT has every reason to explode rn. 10k is starting to look like a new foundation/bottom. IF that is the case the world is about to be shocked with a new global currency. BTC going mainstream will happen over night imo. If it ever does get that far before Trump starts banning it or ect..