BITCOIN PRimary & Secondary Cycles
There should have been more upside in BITCOIN, when it reached the December lows earlier last month (Read previous report).
A retest of the previous breakout would have been the best case scenario before it continues lower, but there is a distinct lack of volume and volatility even around these lows.
The overall Primary Bear market in BITCOIN suggests, it should be following another wave pattern down towards the 2019 lows at 1100
Even though there could be some upside in early January, as long as it remains above 3745, I'm struggling to see it rising above 4614.
Medium Term Support @ 2910-2800
LONG TERM SUPPORT - BUY & HOLD $1,100
Whatever BITCOIN does, every other Crypto will follow.