Good evening dear steemians
after several weeks of BTC falling and dragging all the altcoins with it, it seems that we are now in a trending reversion period.
but first just a WTF print XD
So when we look at the last the February month we can see that after touch about 5900 $ ( in some exchanges) BTC have start a up trending channel. which is characterized, for start making higher tops and higher bottoms consecutively.
Apparently now we are into a consolidation of price moment, where the charts basically start moving "flat"
This consolidations periods use to be very healthy to the cryto prices, couse after a consolidation in a up trending channel it's very probable that on its ends prices ending up breaking the upper resistance.
I believe the next strong top resistance would be at 9300 $ and I would start expecting another reversion to a down trending if prices break the bottom resistance at 7500$
Please remember I'm not a crypto expert, I'm just sharing some of my toughs. Don't take investments decision only based in my post, always do your own research.
I hope we have finally end this traditional 2 first months of the year's dip, and that we are getting back to the rest of the year if prices going up =D
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