TEXT UPDATE FROM MARTY: BTC Update Jan 20
Added 2023-01-20 22:41:39 +0000 UTC
BTC continues its show of strength and I still expect a push through to the 23,500-25000 range in the very near future, possibly by month's end.
We are obviously still in bear market territory but this is a strong rally
If we were to correct from this 21000 level I see significant support at the 18K level but, if we do push through to our next target then the correction should be limited to around the 20K level
I stand by my feeling that there is a 70% chance the bottom is in.
Keep an eye on the charts and if you see close below the 16,500 level, it would indicate that the rally was a trap and the possibility of a retest of the lows, and possibly new lows, is back on the table
For now, things are looking good.
Martee
