Bitcoin Analysis: Week of Jan 19 (Miami Conference)

Bitcoin Analysis: Week of Jan 19 (Miami Conference)

Last Week’s Review. Last Week we concluded with the following: Bitcoin is in no man’s land sitting here at US$270, the advice to those that dare take it is to do nothing while it finds a direction and just watch as it tries to navigate the US$255 – US285 range. Two scenarios in order of higher probabilities: Bearish: The odds are slightly leaning to more pain in the near future. This could be starting tomorrow as the price drops under our US$255 floor or perhaps even a month from now but there is definitely no indication that we have hit the bottom. Once prices drop under the US$250-255....


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