Quote from: MufasaR on January 31, 2020, 03:40:13 PM

We can not remain in the bear market forever, moreover we need a new support and resistance level for the new year. And with all things considered everything is pointing in the direction of crypto being bullish, for example the Chinese new year the bitcoin halving and possibly the dollar losing its value on the forex market.

The Chinese New year didn't really affected the market and it's done already.

I agree that it cannot be bearish all of the time and it cannot be bullish as well. The balancing of the market is always perfect and whenever we think that it's still bearish, actually it's becoming bullish and vice versa. A trap or not, you can ever imagine if we're actually getting out of the actual bear market.

The support however rounds to $8,900 - $9,300.