20-JAN 2022 - Crypto short - BTC analysis
In my personal opinion, price will further balance in range around 38k-44k for max 1 week.
After that BTC most probably will go to price ~
52K-56k, correct it and further go up to ~74k.
It may of course fall down to 35k for around 1 week to further scare small investors and if price closes on D1 interval below orange box ... we will continue downtrend toward bear market and price 28k-30k will be next support.
Price has closed below MA55 on W1 interval --> that is sometimes interpreted as going to BEAR market.
After that BTC most probably will go to price ~
52K-56k, correct it and further go up to ~74k.It may of course fall down to 35k for around 1 week to further scare small investors and if price closes on D1 interval below orange box ... we will continue downtrend toward bear market and price 28k-30k will be next support.
Price has closed below MA55 on W1 interval --> that is sometimes interpreted as going to BEAR market.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.