Possible Bitcoin retracement in the second half of January

I expect bitcoin to rise to 17k and then fall to 9k in the second half of January as a part of the Eliot wave retracement process.
Be cautious in that period!

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Resistance is formed at 14k. If it not gets broken in the next week, we can expect another bearish period and retrace to 9-10k.

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It seems that the second bitcoin fall has started.

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It seems that the second Elliott correction wave has started. I think that bitcoin will fall to 10k before becoming bullish again.

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Fibonacci levels adjusted

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If BTC fell to 12500$. that support will be tested 3rd time in three weeks. I think it will be broken in this try. A lot of head and shoulders can be seen on the chart.

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If the support of 10500$ gets broken tonight we can see 8000$ very soon.

zorjak

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zorjak

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