Bitcoin has lost its mojo for the moment. It’s possible the Nasdaq and S&Ps will need to become white-hot  again before the cryptos resume their natural role as leaders of bull-market insanity. Lately, however, Bertie, ETHE et al. have been unable to convert even the smallest bullish patterns into winners. We bailed out of one last week for a minimal loss, and although it has yet to be stopped out, its struggle to avoid  this has been a sad spectacle. Let’s see how the pattern shown plays out before we jump in again. The ‘D’ target at 56,456 will remain viable as long as C=45,491 is not exceeded to the downside. (The equivalent pattern in ETHE has already been stopped out.) _______ UPDATE (Jan 5, 9:16 p.m. EST): If the so-far tentative bounce from p2=42845 fails, look for more slippage to the 39,805 target of this pattern.