FX.co - BTC analysis for January 20,.2021 - Broken Pitchfork channel to the downside and potetnail for test of $30.400 and $27.800

2021-01-20T12:50:53

Relevance until2021-01-22

BTC analysis for January 20,.2021 - Broken Pitchfork channel to the downside and potetnail for test of $30.400 and $27.800

Further Development

BTC analysis for January 20,.2021 - Broken Pitchfork channel to the downside and potetnail for test of $30.400 and $27.800

Analyzing the current trading chart of BTC, I found that there is the breakout of the smaller Pitchfork channel to the downside, which is sign for the further downside movement.

Stochastic is not yet in the oversold zone and I think there there is still room for the downside.

Key Levels:

Resistance: $40,100

Support levels: $30,380 and $27,800

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

#Crypto-currencies #Bitcoin #Bitcoin Cash

Analytical expert

Petar Jacimovic

InstaFintech Group @ 2007-2024

FX.co ★ BTC analysis for January 20,.2021 - Broken Pitchfork channel to the downside and potetnail for test of $30.400 and $27.800

Forex Analysis

BTC analysis for January 20,.2021 - Broken Pitchfork channel to the downside and potetnail for test of $30.400 and $27.800