FX.co ★ BTC analysis for February 01,.2022 - Breakout of the contraction

Technical analysis:

BTC has been trading upside today. There is the breakout of the contraction in the background an that is good sign for further upside movement.

Trading recommendation:

Due to the breakout of the key resistance pivot at the price of $38,00,I see potential for the upside rotation.

Watch for buying opportunities on the pullbacks using the intraday charts.

Upside objective is set at $43,900

Key support is set at $37,000