In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 8th session.
Bitcoin/USD — Bitcoin hit the $40,000 level on Thursday session. This looks very parabolic at the moment. Hence, it is better to be cautious, wait for pullbacks, and buy at lower levels. A lot of this is due to the possibility of a stimulus in the US and the institutions are trying to front run this situation. You should expect the $30,000 level to be next major support to the downside. However, selling does not seem to offer a good