FX.co ★ BTC analysis for January 08,.2021 - Is BTC heading towards 50.000$?

Further Development

Analyzing the current trading chart of BTC, I found that there is strong upside movementt and bullish continuation, which is sign thatt buying opportunities are preferable.

I placed the Monthly time-frame chart to find next major upside level and I got Fibo extension 261/8% at $54,00/

My advice would be to buy on the dips as long we don't see any bigger reversal sign.