DragonHawk

DragonHawk

This recent dip went below the current channel, now we've bounced back up into the channel and will probably continue down that trend for a while longer. Of course a reversal is also possible, but I'd measure it relative to that channel for confirmation.

DragonHawk

BTC (and all the alts with it, incl ETH and XRP) might be pulling up to horizontal again in the short term. Everything depends on how the resistance at 10k holds up.

DragonHawk

Hype is currently main driver, leading to major over-buying. Likely to see a dip around the 12th, which should recover in a week or two. Then bullish until may/june (more hype), before major recovery. The differentiator will be if BTC can follow ALTs trend toward more utility. Utility is the only thing that can catch a major drop from disillusioned hype...