XBT/USD Short term view

Bitcoin has been showing strong uptrend and has bounced strongly from the demand zone of $3100 level.

Bullish Case:
If it manages to break the $4100-4200 level in the coming days then it will continue its bullish trend till next resistance $4700+ level.

Bearish Case:
If it doesn't break the $4100-4200 level then we might price see price dipping to <$3500 level.

It can also range between $3200-$4200 level before making significant move up or down.

With Bakkt launching BTC contracts on 24th Jan'19, we might see a price jump but not necessarily.
Trade closed: target reached:
it seems Bearish Case played out.

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