Orientation Update – BITCOIN January 4, 2025

person holding silver bitcoin coin

Sure appears that Bitcoin is going to propel higher and, perhaps, make a new high.

First test and, if bearish, should offer significant resistance is below. If we gap and go above that or just smoke thru it w/ ease then our map is orienting us to new highs in Bitcoin. Yes, I was looking lower for a VERY, near perfect, BUY zone in the 70K’s but w/ everything going on, it might not just get there. We’ll see … don’t forget that MSTR chart either. They kinda move together …

Hmmmm … we are dodging the gorillas w/ the dynamite and the short fuse right now. Isn’t this fun?

2 Comments on “Orientation Update – BITCOIN January 4, 2025”

    • Your welcome … for a ‘nice’ bounce to occur we need 70-73 to hold on ‘el coino.’ Note – MSTR certainly appears to be going thru the BUY pattern. Next couple days will be tricky … if ‘bullish’ this level will hold.

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