BTC will continue to rise lightly in price over the next few hours. The price will begin to fall in the ours before the 1/26 CME expiration of 4:00 ET. BTC will hit $8142 by this point. Volume will be increasing as we reach a peak volume of 10 - 14 K BTC. The RSI will be extremely overbought and near a low of 20. After the expiration and bottom of $8142 we will see a quick rise back to $12,818 for a near 60% Gain. There will be a secondary correction to follow then another bounce to $14,069 for a total short term gain of 72%
Buy on the Dips $10,000 - $8,000 Target $12,800 = 60% Gain Target $14,000 = 72% Gain
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Even though we did not see a dump before the CME contract expiration I still am seeing correction signs. BTC is in a downward consolidation pattern and will break out in the next day or so. Which way will it go??
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If you look at the daily chart with such a huge uptrend with an almost parabolic move to near 20K the actual trend line puts BTC around the 8,000 - 10,000 price. If we took out the psychological & media pumps this coin would be around 9,500 today which would put us right on 62% Fibonacci Retracement which is the GOLDEN NUMBER!!??? (For Crypto too?). I think over the next month it will go there before setting new all time highs in the next 12 months. 40K is not out of the question by years end.