FX.co - BTC analysis for January 24,.2022 - Strong selling pressuree and potential teest of $30.000

2022-01-24T12:54:32

Relevance until2022-01-25

Technical analysis:

BTC analysis for January 24,.2022 - Strong selling pressuree and potential teest of $30.000

BTC has been trading downside as I expected. BTC reached my first downside objective at the price of $37,000.

Trading recommendation:

Due to breakout of key support at the price of $37,000, I see further downside continuation and bear trend to continue.

Watch for selling opportunities on the rallies using intraday charts.

Next key downside objective is set at the price of $30,000

Resistance level is set at $36,600

*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 24,.2022 - Strong selling pressuree and potential teest of $30.000