FX.co - BTC analysis for January 19,.2021 - Sideways market, watch for the breakout

19 January 2021 at 12:38PM (UTC+0)

Relevance until21 January 2021 at 12:38PM (UTC+0)

Further Development

BTC analysis for January 19,.2021 - Sideways market, watch for the breakout

Analyzing the current trading chart of BTC I found that there is the basing process and that market is trading sideways.

Watch for the breakout to confirm further upside movement.

Upside breakout of resistance att $38,000 will lead the BTC towards $40,000 and $42,000

The downside breakout of support at $34,000 can lead BTC towards $30,380 and $27,610.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for January 19,.2021 - Sideways market, watch for the breakout