This is the first time I publish, so please bear with me. This is not trading advice, just my personal view of BTC.
BTC has touched against the top of the downtrend channel and just broke to the downside of the orange triangle drawn on the chart, setting a preliminary target around 2700. I think BTC might re-test the triangle where it intersects with the uper part of the downtrend channel, heading into heavy resistance of the Ichimoku cloud (standard settings).
I think the second part of January will be very interesting with much opportunity. Google trends is also showing that interest in bitcoin is dying down compared to November/December's statistics. This indicates to me that there is no new money coming into crypto, it is only the crypto community trading against each other. This is probably why the recent bull moves don't have any significant volume behind them.
BTC has touched against the top of the downtrend channel and just broke to the downside of the orange triangle drawn on the chart, setting a preliminary target around 2700. I think BTC might re-test the triangle where it intersects with the uper part of the downtrend channel, heading into heavy resistance of the Ichimoku cloud (standard settings).
I think the second part of January will be very interesting with much opportunity. Google trends is also showing that interest in bitcoin is dying down compared to November/December's statistics. This indicates to me that there is no new money coming into crypto, it is only the crypto community trading against each other. This is probably why the recent bull moves don't have any significant volume behind them.