BTC DAILY : 19/12/20 Mini-Consolidation...time for Mini-ALTSeas

BTC DAILY : 19/12/20
Mini-Consolidation...time for Mini-ALTSeason???

Technical' s
15M: Bullish
1HR: Bullish
4HR: Bullish
Daily: Bullish
Weekly: V. Bullish
Monthly: V. Bullish
Overall: V. Bullish

Sell Wall
1700 BTC - $25,000
Scary size!!!
Buy Wall
1000BTC - $23,000
1300BTC - $20,000

Volatility: High to Low, currently in a pretty short term consolidation

ALTS: ALT's are in a great place right now and coiled ready to spring. Assuming no heavy dumps from BTC a continued consolidation from BTC and dominance rejection should see these explode

Local Support: $23,700
Next Support: $23,300

Local Resistance: $24, 200
Next Resistance: $24,950

Fundamentals:
- Mt.Gox 160k BTC Creditor Distribution rehab programme filed (Still Looming!!!)- Not immediately Bearish
- Stimulus Package filed not inclusive of Cheques - Bullish
- UK FCA Grants Crypto Firms Temporary Registration as It Deals With Applications Backlog - Bullish
- Coinbase going Public - Big eyes on Crypto
- New ATH after new ATH, new appeal to mainstream investors - Bullish
- Front page mainstream media exposure - Bullish

Personal Opinion:

Breaking down new walls for BTC - $24k in the bag. My though is that we are going to be hunting for 25k over the next 24 hours.

This is the initial key resistance I have been waiting for and very apprehensive about breaking.

My initial prediction from the 16ht still remains with the final target slightly updated to $24,950 - mainly because I am just feeling a big rejection hitting there potential back down to the $23/$22k region. There is a monumentally scary sell wall at $25k for 1700 BTC in place so not a case of if but just how far the rejection will go. Big support and buying pressure from $20k up so unlikely a major change in direction or drop below $20k anytime soon.