Today, 17/01/2018 and tomorrow, 18/01/2018 are crucial in determining the medium-term trajectory of Bitcoin in the crypto markets. If BTC/USD doesn't fall below 8560 by 12:00 GMT on Friday, that would be a very strong buy signal. Before then, it is best to stay on the sidelines. If however, BTC/USD falls below 8560, we are going to see Bitcoin drop to 4000 within the next three weeks.
Right now, traders should either be selling or waiting on the sidelines to see what happens by Friday !