Bullish overall, but with a few hiccups along the way (good opportunity to accumulate BTC at a discount).
After the bearish Gartley that followe the ATH we've been lacking volume, probably due to the fact that new retail traders can't get on the big exchanges (still backed-up) and institutional money getting a slow start of the year and waiting for opportunities to buy BTC cheap.
We will probably see more and more volume come in till the end of the January which will eventually bring BTC to ATH.
Expected to see some support on the MMA100 (1 day) and increasing resistance at 10K and if goes lower, at 9K (fib level)
After the bearish Gartley that followe the ATH we've been lacking volume, probably due to the fact that new retail traders can't get on the big exchanges (still backed-up) and institutional money getting a slow start of the year and waiting for opportunities to buy BTC cheap.
We will probably see more and more volume come in till the end of the January which will eventually bring BTC to ATH.
Expected to see some support on the MMA100 (1 day) and increasing resistance at 10K and if goes lower, at 9K (fib level)
