Battered BTC — From Obsession to Apathy

BTC technicals

We outlined our latest BTC logic in our note "BTC myths are breaking..." on Jan 21 (here). BTC has crashed since then, trading at the lowest levels since Trump won the election. The big trend line is long gone as we trade well below the 100 and the 200 day MA. $70k is the next support to watch. Momentum is so poor, you almost want to try a few longs...