I believe this correction we are seeing can continue all the way up to mid Feb. From there, we will see more prolonged bullish trend all the way to the 20K mark which we should see by March.
However, If BTC breaks the 1st resistance at 14.2 K or the the 2nd one at 17K, then we may see an earlier reversal for this correction.
One can expect to have a decent position (Price 9K - 13K USD) if you buy right now or up to early Feb as long as it follows this trend.
This is just my thoughts.
Vince
However, If BTC breaks the 1st resistance at 14.2 K or the the 2nd one at 17K, then we may see an earlier reversal for this correction.
One can expect to have a decent position (Price 9K - 13K USD) if you buy right now or up to early Feb as long as it follows this trend.
This is just my thoughts.
Vince
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For thos long term traders, just keep holding, I would personally buy some more BTC if it goes to 10K but I guess 11K is not bad if we all have the belief that BTC indeed will go past 20K USD.
Check my latest post for the 1 hour chart. :)