BTC finally broke out of the descending triangle it was stuck in for the last 6 months. The recent price movement also broke the 200 EMA which is a good sign that we might have finally hit the bottom on 18. December at € 5.8k.
Still that doesn't mean that we are in a bull market yet.
The incoming retrace will confirm or disprove a bull market. If we can find...
Just a minor update to my previous analysis which predicted the drop from 8k €.
After losing the €6.3k support ($7k) there's really no stopping that falling knife all the way to €5k if not even lower.
January is looking grim. Short it while you still can.
