Bitcoin: Week of 1/15/18 - Will support hold at $13K?

Building on last week's chart the wave 4 move to $13,200 area as expected is upon us. The sideways move and lower trend line support reflect opportunity for upside, but with caution if price moves sharply lower. Keep tight stops and watch RSI, MACD, for oversold levels.

BTC has taken various hits from government regulations and public concerns. It has held well at support levels despite those negative expressions. Interesting setup if prices start moving higher.