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BTC to retrace to $8,800

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BTC is still trading in the channel. While it may look bullish on the day graph, it's going to retrace to $8,800 or the MA(200) around $7,200. Volume is decreasing and it looks unlikely to break out of the channel or the fib at $11,600
Nota
Turns out I was right!

Jan 18th update, idea complete
BTCBTCUSDChart PatternscryptoCryptocurrencyTechnical IndicatorsMoving AveragesParallel ChannelshortTrend Analysis

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