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Bitcoin's January surge: Technical levels, Altcoin outperformance and macro landscape
Bitcoin has rallied over 8% in the first five days of January, maintaining bullish consolidation within the daily TBO Ichimoku Cloud. However, the broader daily macro trend remains bearish, as indicated by the TBO Slow line and the absence of a TBO Close Short. On-Balance Volume sits above its moving average and is beginning to curl upward, while overall volume, despite outperforming its moving average, has yet to break the downward trajectory. My primary upside target remains the weekly TBO Fast line near $98,637 (subject to weekly candle fluctuation), with extensions to the top of the weekly Cloud at $101,481 or ... (full story)
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