In this video, the Trader Guy looks at the cryptocurrency, bitcoin for the January 11th session.
Bitcoin/USD — At some point, the market reached the $42,000 level, and then fell towards the $37,000 level on Friday session. So, the trading session was very volatile. This is also a sign of weakness after this parabolic move. So, a pullback looks likely at the moment. It is better to wait for pullbacks at much lower levels. To the downside, the $30,000 level could be a major support.