TEXT UPDATE FROM MARTY: BTC Update Jan 12 4:30:PM EST Price 18,600
Added 2023-01-12 23:19:10 +0000 UTC
The initial structure is broken on the upside as we break through the descending triangle
First resistance at $19,500 A close above 20K would be very positive and indicate a short-term bottom could be in place and the 12K would be off the board in my analysis
Only a retest of the lows at 15,500 would I expect a washout to the 12K area if we first close above the 20K.
I would like to see a close above 20K but I expect a pullback at that level f not before then
The overall best action I've seen in months
I will keep you posted
Martee
