I am going to make this article very brief.
As it is obvious overall cryptocurrency market supply is directly dependant on the demant of the bitcoin. And for such reason we could see some decent selling again as a continuation of the Christmas selling, the whole market in red.
The question is whether are we done, or bitcoin is actually going lower, or even worse?
I leave you with two images as an idea what might going to happen. The first is weekly chart from the year 2013:
And the second is weekly now:
What do we have here forming?
It is very possible we may see this scenario to take place again. We may see history repeating itself. But what are you gonna do with it? Hodl or not, for you might be hodling for months...