Based on the chart, BTC is having difficulties to pump up or move up, Why? because of the lots of news in the government and the private sectors or media. Spreading they lots of corrections for this week or maybe the Government and the private investors are waiting to buy the dip before the 2020 bitcoin halving.
The Huobi US is already halting the Exchange, The south has a strong Rejections between the 7.6k. The BAKKT is also releasing 2 new coins again and the volume of BTC went lower and lower from almost $170 Billion to $131,796,379,921 and they expected the target this month or January to $120B to $110B.
But we will see what happens next. 4hrs from now.
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Remember TECHNICAL ANALYSIS is all about probabilities and based on previous market performance(not all about certainty)
Disclaimer: This is for educational purposes,it is not intended as a financial advice.
The analyst won't be responsible for a loss of fund. The trader must be able to manage risk.
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Bitcoin is a cryptocurrency, a form of electronic cash. It is a decentralized digital currency without a central bank or single administrator that can be sent from user-to-user on the peer-to-peer bitcoin network without the need for intermediaries.