I feel like we have built good support in this range and hopefully we will be making another climb to the 20k ranges very soon, surely by the end of the month. We had to drop some at the end of 2017 so that we could start out 2018 with a steady increase. That's my thoughts any ways. Great post, thank you!
I never like to create too many prior expectations when it comes to talking about future possibilities, and that's why I usually limit myself to commenting the highest probabity scenarios. Nonetheless, anything can happen. All things considered though, and this includes the fundamentals and order flow as we know it - there is still very important demand for crypto coming from fiat - I think the most probable short to intermediate term scenario for BTC is choppy trading in a range, and most likely the range drawn on the chart. I'm thinking of months, but it could be weeks before a possible breakdown, which I'd give about a 30% chance at this point. If the lows hold, then it will be an eventual battle between bulls and bears to get back to the top of the range, the necessary requirement for a breakout to new highs. 20k is a long ways off in my view, and I think "good support" still needs a lot better foundation too. The longer we spend moving sideways, the more nervous the long them HODLers will get, causing more sell side pressure. As I said in the original post, I'd be looking at alternatives to the well known and now famous that had huge gains in 2017. Again, things like STEEM, BTS, SYS, ADA, GRS, NLG, DBG that are still very much under the radar could be the next big surprises that become household names. That's just my opinion though.