1-20 Price Analysis – Do not sell on dips and buy on surges

Highlights:
Price analysis for BTC, BCH, ETH, LTC and ETC for January 20
BTC/USD
Resistance: $12,400, support: $8,900
Comments:
Overall, BTC remains bearish though price breaks above the 50% retracement level of the last major decline from $14,356 to $9,231.1, if price keeps moving up, however, it may reach to $12,40, close to the 61.8% retracement level at $12.398.30. Since BTC has been attempting to break upwards but all fails, price will continue dipping if price fails to break upwards again