BTC 24 Jan – a change of direction

As I promised in my post of 22 Jan “Once I have better information I will publish an update in this regard (if necessary). “I have better information. You’re reading that update.

You can see my previous BTC post here: BTC 22 Jan – Medium-term updateIn it I proposed two possible scenarios: A drop to lower price levels or a modification to the tapering triangle we were in, resulting in a later price breakout.

In that post the price had just dropped through the bottom of the previous triangle, but not definitively so. For further details on those scenarios, see

About the author: Bit Brain

A walking crypto encyclopedia. Honest, Realistic, Opinionated. Futurist, Autodidact, Polymath.