Short time bearish. Next year is a year of accumulation?
XBT / USD KRAKEN:XBTUSD
Bitcoin currently does what it is supposed to, correcting. There are many calls for the 1000 -1200$ price range. However, to reach this price bitcoin needs to break out the main channel that will become a strong indicator of the trend change and that the bears are in full control.
If we will stay inside the current channel it is very likely to have a year of accumulation that will be followed by a rapid price rise.