Bitcoin

Update on the big picture view of the current bull run

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On Jan 5th 2022 we broke below the main support diagonal. The last time we broke below this support was on July 17th 2021 but in just 2 days the price recovered back above the line. But this time, we remained below for several days (about 1 week) and it is now slightly above the support line. This drawing is only to show where we are at on a bigger time frame relative to the larger consolidation pattern that is at play. I do not have any price targets or have any special knowledge of what will happen next. Please make your own judgements. Thank you.

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