BTC will likely hit 8k USD in the next couple of days (likely 20.01. midday) and move sideways till it finds (maybe quick) support from the support line of the previous dips. The third BB gives space for this further correction whereas the first BB is far away from the current price. This indicates a continuing trend downwards. Probably best buying opportunity around 8k USD after solid sideways movements. If BTC breaks through 8k USD the next support is around 5.8k to 6k USD. Matching low RSI and CCI support the falling BTC price action. Though the CCI with its lowest point already reached shows that there will be an uptrend soon.
Additionally the third BB gives space at the top to accomplish new highes after.
Please comment for ideas or considerations
Additionally the third BB gives space at the top to accomplish new highes after.
Please comment for ideas or considerations