FX.co ★ BTC analysis for January 17,.2022 - Watch for the breakout of key levels

Technical analysis:

BTC has been trading sideways at the price of $42,665. Best idea is to watch for the breakout to confirm the next direction.

Trading recommendation:

In case of the upside breakout of key resistance at $44,350, watch for potential buying opportunities with the upside objectives at $45,560 and $46,920.

In case of the downside breakout of support at $41,160, watch for selling opportunities on the rallies with the downside objectives at $40,570 and $39,800