The Art of Simple Trading - Bitcoin Update - As of 22 January 2022

#Bitcoin is falling as I type this post.
But the more interesting move happened last week when price broke down through good support just below the $40,000 level.
The weekly shows that support at the channel has failed along with that most recent support level. The next level is just below $30,000... if price can get through that and hold, Bitcoin may truly have a problem.

Bitcoin/USD Weekly

Bitcoin/USD Daily

For more on Bitcoin/USD check out my update page...