BTC analysis for January 31,.2022 - Sideways regime and potential for breakout play

Technical analysis:

BTC/USD is still trading inside of the trading range and there is potential for the breakout mode.

Trading recommendation:

Due to sideways condition on the BTC/USD at the price of $37,200, I see potential for the breakout play.

In case of the breakout of the resistance at $39,700, watch for upside opportunities towards $43,765

In case of the downside breakout of support at $35,600, watch for selling opportunities towards $33,000 and $30,145