FX.co - BTC analysis for January 19,.2022 - Potential for the upside rotation

2022-01-19T10:13:49

Relevance until2022-01-20

Technical analysis:

BTC analysis for January 19,.2022 - Potential for the upside rotation

BTC has been trading sideways at the price of $41,500. I see potential for the upside rotation towards upper references.

Trading recommendation:

Due to fake breakout of the key support at the price of $41,300, I see potential for the upside rotation.

Watch for buying opportunities on the pullbacks in the next period with the upside targets at $42,460 and $43,465

Key support is set at the price of $41,200

*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,.2022 - Potential for the upside rotation