Bitcoin / TetherUSเพิ่มขึ้น
#Bitcoin Prices Inside a Bull Flag, Support at $22.3k
Past Performance of Bitcoin
Bitcoin prices are firm at spot rates, relatively stable in the last trading day, and within a bullish formation. Although yesterday was lower, the coin is above immediate support at 21.5k and 22k zone, an indicator of strength. Traders should watch out for how BTC pushes and close above 23.3k, confirming January 20 gains.
#Bitcoin Technical Analysis
The path of least resistance remains northwards, reading from the price chart. Support is at 22.3k and around 21k, marking January 20 low, should sellers press on. On the upper end, buyers must break above the current consolidation at 23.3k and 23.8k, on January 25, for uptrend confirmation. Considering the formation in the daily chart, conservative traders can wait for a breakout in either direction. If buyers take control, breaking out above the bull flag, BTC may easily float to
25K in a bullish continuation formation. On the reverse side, losses below 22.3k may see BTC dump to 21k in a retracement.
What to Expect from #BTC?
Buyers are in control. However, the upside momentum is fading, per the formation in the daily chart. There is a bull flag as prices consolidate. A breakout in either direction would shape the short to medium-term formation.
Resistance level to watch out for: 23.3k
Support level to watch out for: 22.3k
Disclaimer: Opinions expressed are not investment advice. Do your research.
Bitcoin prices are firm at spot rates, relatively stable in the last trading day, and within a bullish formation. Although yesterday was lower, the coin is above immediate support at 21.5k and 22k zone, an indicator of strength. Traders should watch out for how BTC pushes and close above 23.3k, confirming January 20 gains.
#Bitcoin Technical Analysis
The path of least resistance remains northwards, reading from the price chart. Support is at 22.3k and around 21k, marking January 20 low, should sellers press on. On the upper end, buyers must break above the current consolidation at 23.3k and 23.8k, on January 25, for uptrend confirmation. Considering the formation in the daily chart, conservative traders can wait for a breakout in either direction. If buyers take control, breaking out above the bull flag, BTC may easily float to
25K in a bullish continuation formation. On the reverse side, losses below 22.3k may see BTC dump to 21k in a retracement.What to Expect from #BTC?
Buyers are in control. However, the upside momentum is fading, per the formation in the daily chart. There is a bull flag as prices consolidate. A breakout in either direction would shape the short to medium-term formation.
Resistance level to watch out for: 23.3k
Support level to watch out for: 22.3k
Disclaimer: Opinions expressed are not investment advice. Do your research.
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