as we see trend in last 2-3 days, all markets were positive, prices increased from 10%-300% in 48 hours.
Now the trend is going down. what you guys think? January end BTC can touch 9k usd?
I think its not also it is a Chinese new year and for me its their cashout time so it almost happens every year a Chinese new year is a correction on the market. I expect Feb will going to be start of a new uptrend and might hit 9k and above if this dump plays out with a good reversal candle.
There's relevance as Chinese investors might do this and after some downfall weak holders followed the trend placing more pressures. We don't have any idea what the market brings all we can do is to anticipate according to what we understand. Fluctuating movements affects emotional position, best to keep what you think is safe for your investment.