Bitcoin - what's next?
I could go either way on Bitcoin so... if we go up, we hit $4,300 by Thursday/Friday then we go down. If we go down first, we head to basement support of $2,800-$3,000.
$4,300 has been tough resistance for the last few months and I don't see where we'll get the volume with another Bakkt delay to break it.
$2,800-$3,000 is very strong support and expect us to to touch this area by the end of January and into February. End of January and going into mid-February, the volatility will increase due to the possibility of the VanEck-Solid X Bitcoin ETF being approved (or denied) before we go into another consolidation phase until September 2019.
Hopium = Bitcoin hits $347,000+ by December 2021
$4,300 has been tough resistance for the last few months and I don't see where we'll get the volume with another Bakkt delay to break it.
$2,800-$3,000 is very strong support and expect us to to touch this area by the end of January and into February. End of January and going into mid-February, the volatility will increase due to the possibility of the VanEck-Solid X Bitcoin ETF being approved (or denied) before we go into another consolidation phase until September 2019.
Hopium = Bitcoin hits $347,000+ by December 2021
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