$BTC Ranging into the New Year.

2 thg 1, 2022

BTC has found what seems to be some solid support at 46K after some pretty sustained moves south. I think we have some more time to spend between 46K and 48K before a clear move in either direction will be made. I don't consider 48K to be strong resistance, so I would not depend on 48K to hold as support once broken. In my opinion, a break above 53Kish will likely be the first strong level of support once broken. I'll be watching this level carefully as Q1 2022 unfolds.

I hope you and yours had a great holiday!