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FX.co ★ BTC analysis for January 29,.2021 - Strong resistance at the price of $.38.000 on the test

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Forex Analysis

2021-01-29T14:13:16
iconRelevance until2021-01-31

BTC analysis for January 29,.2021 - Strong resistance at the price of $.38.000 on the test

Further Development

BTC analysis for January 29,.2021 - Strong resistance at the price of $.38.000 on the test

Analyzing the current trading chart of BTC, I found that the buyers got exhausted today and the downside rotation would be probably to correct strong upside movement from today.

Watch for selling opportunities with the potential downside target at the price of $33,113 and $29,220.

Key Levels:

Resistance: $38,000 and $39,775

Support levels: $33,113 and $29,220.

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