Like a coiled spring, Bitcoin is waiting to jump again!

Current Market Cap: $554.77B (-$17.73B in 16 hours), Bitcoin Dominance: 34.4% (No change)

Fear not my friends as there is sunshine on the horizon. Another day spent pivoting around the $11K mark and prices seem rather sluggish. Bitcoin is chugging along quite nicely however with gains of nearly 1,100% over the past year. The second round of futures contracts are up tomorrow and I have a funny feeling there will be some whales splashing around.

Can Bitcoin anchor itself above the $10K mark during these tumultuous times or will we see that dreaded $8K price point again?

Today I am using three trading tools and indicators: Bollinger Bands, Stochastics and MACD.

Bollinger Bands show we are right at the moving average around $11,300.

Stochastics are indicating normal conditions while rising towards overbought.

MACD is looking rather bullish with the downtrend coming to a close and a positive crossover of the moving averages at the zero line.

Likely Scenarios:

• BTC finds support in the mid to low $11K zone before rallying back up to the $12K resistance.
• Decreased volumes allow the price to continue down trending and we break the $11K support level testing $10.5K
• BTC gets a surge of whales dumping onto the market to crash it, allowing them to close out short contracts in profit before tomorrow (Jan 26th)

TLDR Version:

Bitcoin is still holding on as the alt-coin markets are running circles around it. Expect some resistance at the $12K mark again today as we face downward pressures from the futures contract holders. If there is a market crash by tomorrow then you will know exactly why- and JUST HODL.

Price Target:

- $10,750

Alt-Coins To Watch:

• XRP
• BCH
• LTC
• XEM
• IOTA
• DASH
• XMR
• TRX
• ICX
• ETC
• XVG
• NXT
• LINK
  (AND MANY MORE!)

Check Out My Last Bitcoin Post:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-price-forecast-1-25-2018

Feeling Salty About Missing The Crypto Boat?
https://steemit.com/bitcoin/@hotsauceislethal/how-to-conquer-fomo-fear-of-missing-out

Don't Worry:
https://steemit.com/bitcoin/@hotsauceislethal/bitcoin-s-hype-cycle-is-finally-here

Fantastic Documentary About Relevant STUFF! (MUST WATCH!!!)
https://steemit.com/cryptocurrency/@avii/mind-over-money-documentary

Like Bitcoin But Want To Avoid The Fees?
https://steemit.com/bitcoin/@hotsauceislethal/save-money-when-sending-crypto

Pay No Transaction Fee From Coinbase!!!
https://steemit.com/bitcoin/@hotsauceislethal/no-transaction-fee-bitcoin-trick-using-coinbase

Need A Good Laugh?
https://steemit.com/bitcoin/@hotsauceislethal/what-kind-of-crypto-trader-are-you

*Never invest more than you are willing to lose and always do your own research before making any investment decisions.
(All pictures are free domain images from snappygoat.com or created by myself.)