Is BTC nearing end of this downtrend or continuing Lower?

There are a couple of formations happening on this chart, depending where you stand, the most optimistic is that the low of the move is in and we have found support between 9,800 - 10,100 range, obviously looking to test it multiple times before the months ends, needs to break & hold above 12,500 and form a consolidation pattern up to 14,300. Under 9,800, the market should continue to stay in this bearish undertone through end of February. Look for FOMO buy support at psychological 9000 level, and a buy wall between 8400 to 8100. Constructive feedback is welcome.

Commentaire:

Since publishing this chart 2 hrs ago, the BTC/USD has rocketed to 11,200+, needs to maintain its support and hit Bollinger cross at around 11,400 (Bollinger Not shown on this chart). If daily chart can establish a solid run over mid band bollinger at 11,400, should see Bulls gain confidence and have a healthy run back to test ATH's by early March. Any failures or pullbacks will be met with Average cost buying down to 9800, target is ATH into 20K+ range