After the big red drop in BTC from 18.4k to 16.5k, it tried to hang in there but failed to hold it for a long. These two red candles created a panic scenario and many thought that BTC is going down for 15k once again but who would have thought that a big green candle is waiting for next door? LOL! BTC went right above the resistance (which is now a support) and now trying to hold this level. If BTC manages to hold this level then we can expect 17.4k around the corner but if it drops down below the S&R line then things may be bearish again. Technically, we are still under the bearish scenario so that's okay.
Can this end of the last quarter be a turning point for the crypto market? Things are pretty tight so maybe the new year could change the course of action for the crypto industry.
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