Bitcoin (BTC/USD) Daily Chart Analysis For January 14, 2021
Technical Analysis and Outlook:
Bitcoin price only just managed to hold on to the significant support of Outer Coin Dip $40,000, and Key Sup $40,700 - With the price moving up to $43,900, and for now, it is holding about $43,000 level. The current course designates an up move to the Outer Coin Rally $46,350 and most likely Mean Res $47,700 and the near future $50,950 - thereby pending potential retest of the Mean Sup $41,500.
Bitcoin price only just managed to hold on to the significant support of Outer Coin Dip $40,000, and Key Sup $40,700 - With the price moving up to $43,900, and for now, it is holding about $43,000 level. The current course designates an up move to the Outer Coin Rally $46,350 and most likely Mean Res $47,700 and the near future $50,950 - thereby pending potential retest of the Mean Sup $41,500.