Now, there has been another drop in Bitcoin and also in almost all other altcoins. I was even surprised when I saw Bitcoin which was at $93K fell to $90K today and I don't know what sentiment is there towards the market that can cause a price correction in Bitcoin and also others to happen so suddenly like now. I am also waiting for Donald Trump's inauguration because I also want to see how the market conditions move after that event is over. But today alone we all have witnessed something unpleasant in the Bitcoin price.
Judging from the BTC price chart in a position to re-test the midterm line if it breaks through then it will go up and if not it will probably correct again and for the moment the public is waiting for Donald Trump's inauguration I think that is also a natural thing. But, my assumption for the prediction of the BTC price increase in the January-February period will reach 12OK.
We've broken $102k again, and I think at least $100k is going to hold before the Trump inauguration, I'm not sure how many times that we have broken that 6 digits but usually three or more is enough for it to stay and then it will become the support line.
So that's how I'm seeing it in short time frame. And if my analysis is true, then by the end of the month we might see a new all time high. Probably around $110k. So everything looks bright moving forward as we have one of the most anticipated even for the year, that is Trump being officially sworn as the next US President.