FX.co ★ BTC analysis for February 11,.2022 - Key pivot at the price of $42.757

Technical analysis:

BTC has been trading downside in the background but I see test of the key short-term support at the $42,750. Watch carefully for the price action around key pivot.

Trading recommendation:

Key support pivot is set at the price of $42,750 and I see potential for two scenarios.

In case of the successful rejection of key pivot at $42,750, I see potential rally towards $45,500 and in that case upside opportunities will be preferable.

In case of the downside breakout of support at $45,750, selling opportunities would be preferable towards the $41,120 and $39,180