BTC seems to be at a short consolidation as it's was in the periods 'Dec 21-Jan 22' and 'May-June 2022'.
The common points of these consolidations is that sharp falls happened just before: Omicro Covid/Fed warning in December 2021, Luna crash in May 2022 and recently FTX collapse in November 2022. Since a year, we've had huge sell-off of BTC and cryptos almost every 6 months. 'When this will end' is a big and a hard question of every crypto trader.
If history repeats this time, after almost one month of consolidation, BTC prices will continue its down way.
Let's see if this is true. Maybe in ten days, we'll have a clear answer.
Comment:
BTC prices are going back to the local support $15.7K ?
