Bitcoin is in the phase of consolidation and 11k seems like an excellent support. Bearish trend line seems broken and slow rise to 14000$ has started.
Volume is still low. When BTC reaches 12600$ (the next fib level), it will form a double bottom. Many people will enter then, and 14000$ will be achieved much faster (the next fib level).
But then we will find strong resistance on 14000$ plus an evident bearish trend line that it will be hard to break. I believe that one more retracement will happen then, the strongest one. Bitcoin will fall to the level of 7000$. After that, we can expect BTC to become bullish again so 7000$ is an excellent entry point.
A lot of good things will happen after February. This is going to be one more excellent year for crypto.
Volume is still low. When BTC reaches 12600$ (the next fib level), it will form a double bottom. Many people will enter then, and 14000$ will be achieved much faster (the next fib level).
But then we will find strong resistance on 14000$ plus an evident bearish trend line that it will be hard to break. I believe that one more retracement will happen then, the strongest one. Bitcoin will fall to the level of 7000$. After that, we can expect BTC to become bullish again so 7000$ is an excellent entry point.
A lot of good things will happen after February. This is going to be one more excellent year for crypto.
