CRYPTO - BITCOIN ANALYSIS: January 2020

BITCOIN PRIMARY & WEEKLY CYCLES

Bullish moves in all Cryptos since the DECEMBER lows.

BITCOIN now coming into Ressistance zones 9343-9700

Any resistance and I think it will drift back down into 9000 and find support.

Price action suggests more gains into 2020 and much higher into 2021,

confirmed with a breakout above the resistance levels.

However, I won't be surprised to see it consolidate for 1-2 months more before the next move higher.

HOLDING

ETHEREUM SECONDARY & MONTHLY CYCLES

As noted in the previous report, the December lows has once again supported price in BITCOIN, as well as other coins.

We can see ETHEREUM following a similiar pattern as in 2018.

1. December lows

2. move above the monthly cycles

3. FEBRUARY support levels are around 157

minimum target will be last year's high @ 357

as high as 553 in 2020

BITCOIN PRimary & Secondary Cycles

Expectation of a move higher from December lows has played out, but a lot higher than expected in January

The swing and then consolidation above 7918 followed by a 5-day high break, has seen BITCOIN back above the Primary 50% level for 2020.

There's now a number of resistance levels around around 9343 - 9700...

However, I would treat 8100-8400 as support during this month.

Whilst BITCOIN is back above the 2020, this is a very good sign :)

PRIMARY & WEEKLY CYCLES

BITCOIN continues to be in a bear market, whilst it's below the 2020 50% level.

With December's lows holding , I'm expecting BITCOIN to move back up into the 50% levels at

7918 - 8177 (resistance)

How it reacts around those resistance levels, can either send BITCOIN further down

Sideways into February and then see if it can stablise above the February 50% level 7552

and then continue higher.

CRYPTO - BITCOIN ANALYSIS