FX.co - BTC analysis for January 18,.2022 - Watch for the breakout of key level

2022-01-18T12:46:40

Relevance until2022-01-19

Technical analysis:

BTC analysis for January 18,.2022 - Watch for the breakout of key level

BTC has been trading inside of the trading range but there is chance for the downside breakout.

Trading recommendation:

Watch for potential breakout of the consolidation and key support at the price of $41,400.

Downside objectives are set at the price of $40,570 and $39,650 (Pinbar low)

Key resistance is set at the price of $44,330

Short-term trend is downside

*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 18,.2022 - Watch for the breakout of key level