FX.co - BTC analysis for January 21,.2022 - Potential for upside rotation

2022-01-21T13:10:18

Relevance until2022-01-22

Technical analysis:

BTC analysis for January 21,.2022 - Potential for upside rotation

BTC has been trading downside and there was the breakout of the contraction. BTC almost reached pivot level at $37,220.

Trading recommendation:

BTC is trading around pivot support at the price of $37,220 and the Pitchfork median line, which is sign that there is potential upside rotation.

Watch for upside movement and rotation towards $43,000

Key support is set at thee price of $37,22

*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 21,.2022 - Potential for upside rotation