Short-term Bitcoin outlook for the month from January 17 to February 7.

- Maybe you won't be able to see BTC price at $48k within the next few months, maybe even in the next year you won't see BTC price at $48k anymore but it will gradually decrease.

- My opinion in the short term is that BTC can go up to the price level of 44k$ to 45k$ then people think it's Uptrends then jump in to buy and sell and then BTC will really drop.

- Before the SEC announced the approval of BITCOIN ETF, Altcoin had a slightly higher price than BTC.

- Normally, Altcoin will mainly follow the price of BTC, but these days BTC is jerking very widely and then changing at a price so that Altcoin in turn recovers in price.

- Currently, the market has increased and decreased in price with the launch of BITCOIN ETF and immediately comes big news: DENCUN day of ETH. And ETH is currently receiving attention from the entire market community due to Dencun news, so the market is still very healthy. This is also the reason why Altcoin is so strong.

- Dencun news seems to fall between January 17th for Testnest and February 7th for Mainnet.

- If you look at Altcoin's weekly candle close very beautifully, it proves that Altcoin will still have Fomo until the beginning of February.

- When everyone gets there, the hot news will end and the market will gradually adjust sharply downward to wait for the shakeout at Bitcoin Halving. Because every Halving has a very deep sweep, reducing it from 50% to 100%.

- The day before, I said BTC would decrease, but it did, but Altcoin and BTC are still standing firm because of ETH news.

- After BTC is finished selling, 2025 will be a brilliant year for BTC, the capital flowing into the market is huge, bigger than ever

#crypto2023 #binance #btc #bitcoin $BTC