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RE: Daily Crypto Analysis - 3rd Feb - Technical Analysis

A return to $10k would still be within the ascending channel, so it is possible - although Bitcoin isn't looking that strong at the moment, so we may not get that high.

Longer term, I'm bearish on Bitcoin relative to the other Cryptocurrencies such as Ethereum, as it just doesn't have the same level of tech behind it. (I'm planning to write a full summary of this soon)
This then begs the question as to where Crypto as a whole will go in the next year, and the answer is that I honestly don't know at the moment.
If we see further drops on BTCUSD through $7888 then that could trigger a longer term bear market which would drag down everything, if not then we will likely remain flat for a while at least.

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