BTC 4-hr Analysis

It appears Trendline A is getting breached. We have been in a structured selloff since the last short-squeeze. I have felt that some miners want out and they can hold their coin on low volume days driving price and selling into the run-up. Rince and repeat so they can get out above $3500. It's going to be interesting to see what happens when we break Trendline A -- I think more sideways trading is highly probable. I have charted the support and resistance for the 4-hr timeframe. If we continue to trade between those points, we can just consider we are range bound. I am sticking to my 3k prediction by February and price-action reverting to the mean before BTC can make the big move north again. This is just my opinion based on my observations and TA.

Good Luck,

Biff