When we are able to break the downward channel from 14k (LTC/USD already broke this channel which has been a leading indicator for BTC/USD), we will move to point D due to the halving hype (11.900 because this lines up with the down trend from 20k and is a CME gap). I believe we will see one more pullback after to point E (selling the news on the halving), before the new bullrun starts. See previous idea (halving and highs, the road to a 70.000 Dollar Bitcoin).
Short term we could see a smaller pullback (between 7300 and 7600) due to Chinese new year around the middle or third week of January (Chinese new year is on the 25th of January). Also CME gap at 7630 is not filled yet. Support on yearly up trending line (now around 6.900) or earlier on 7.400 or 7.750.
Levels to watch as resistance before breakout from 20.000 downtrend line:
8.400
9.600
11.550
After breakout:
16.150
19.175
Have fun!
Short term we could see a smaller pullback (between 7300 and 7600) due to Chinese new year around the middle or third week of January (Chinese new year is on the 25th of January). Also CME gap at 7630 is not filled yet. Support on yearly up trending line (now around 6.900) or earlier on 7.400 or 7.750.
Levels to watch as resistance before breakout from 20.000 downtrend line:
8.400
9.600
11.550
After breakout:
16.150
19.175
Have fun!
