BTC 1 WEEK Analysis
Bitcoin is in an interesting position here. We have broken below the point of control at 20k/21k levels. More often then not we retrace back to these levels, BUT we have found ourselves within a new high volume trading zone between the 16k/17k range with 3 failed attempts back above the short term POC due to Market bottom FUD and FOMO. Increased sell volume occured today when the Markets opened after christmas break. A break below 15/16k range could flush us down through the low volume areas all the way to 10K/11K unless we see massive buy volumes flood into the market around 12k/14k zone.
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