Choppy stage in BTC

Expect BTC to stay within choppy stage with bearish bias till beginning of February. No trade zone here.

At the end of this stage there will be either bullish breakout of this falling wedge or break down and retracement to 26k / 23.5k - both scenarios equally possible.

Comment:

Our forecasts for BTC keep on hitting targets every day 😎 Yesterday bounce got to 32950. And the market stay in the same shitty choppy mode. Only now I don't see any liquidity for a bounce. Next dump through 30.5k support should take price down to 29k at least (bullish bounce) or lower to 27.8k / 26.3k. Less possible scenario is some magical interference of bullish whales who pump price above 33k resistance - this may change the whole picture. But so far I don't see whales interested in longs nor bears in shorts at this level. Price can fall under its own weight without any help.

Comment:

According to yesterday's forecasts BTC bounce from 29k support was bullish. At the same time I see stocks dumping and dollar index slowly reversing towards uptrend, and both these factors are bearish for crypto.

If within today BTC manage to grow to ~32.2k or above it will open a chance for tomorrow grow to 33-34k (lower high is at 34880). Bearish scenario assumes that today no more dump happen but within next days price drop lower to ~27.8k / 26.5k.