Consolidate, Dump, Back To Last Support, Etc.

25 Jan 2020

Bitcoin ( BTC ) is at a spot where we have some key supports. It'll be a bit to get past them since bulls will be defending the lifes out of them. So, I assume we will consolidate, have a couple mini pumps and continue this pattern for a while until we break through most of the major support levels bulls still have left. Also, we are getting close to being back in the descending channel we were in since June, and recently broke out of. So that is another key level for you to look out for. But all around, this is a bearish enviroment and there's not much to worry about. Happy Trading.