BITCOIN REPORT 17th January 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 :)