FX.co - BTC analysis for January 14,.2022 - Downside breakout of consolidation

2022-01-14T13:28:16

Relevance until2022-01-15

Technical analysis:

BTC analysis for January 14,.2022 - Downside breakout of consolidation

BTC has been trading downside today and I see potential for further downside continuation.

Trading recommendation:

Due to the breakout consolidation to the downside, I see potential for further downside continuation.

Watch for selling opportunities on the rallies with the downside objectives at $41,575 and $40,150

Key resistance is set at $42,900

*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 14,.2022 - Downside breakout of consolidation