I think we are in a negative spiral down right now. The Bulls became Bears and the world ain't touching Bitcoin because it is dropping like a eagle dropping to fetch living food. Because of that i believe Bitcoin won't have enough strength to get through the sell walls. Soon enough the Hodlers will think twice and sell there assets. When that happens we could see...
BTC getting Bullish again but is not yet! To be SUPER bullish we need to break the 20K again. I think everyone is still cautious when it comes to 20K. For now, we are out of the danger zone and to get to higher ground BTC needs to find new money by dipping back a bit. Upcoming days will be crucial moments for the crypto market overall!
If you watch the 1D chart for BTCUSD it looks like a big Pump & Dump (P&D) which lasted several months. It looks like most of the big dump already finished half it's way and there is a possibility it will dip between the 7000-9000 levels. Let's say 8000$ as average, but keep in mind a lot of fear will reveal it self when 9000 trend line is broken. Therefor support...
IOTA is possible in a Triangle. It has found massive support on the 3.50$, 3.80$ and 4$ levels. It seems it is consolidating for the moment being. It has reached the 5.15 - 5.35$ level and will get back there soon. If This happens a good chance that it will pump further to the 6$ level. With FOMO taking over it will even rise further. At the moment it is fighting...
Everybody is waiting for the 1$ line! With more then 20.000.000 %volume trade in the last 24 hours (BITFINEX) IOTA will hopefully perform the long awaited lift-off to the moon!