FX.co - BTC analysis for January 03,.2021 - Watch for the breakout mode

2022-01-03T13:01:41

Relevance until2022-01-04

Technical analysis:

BTC analysis for January 03,.2021 - Watch for the breakout mode

BTCUSD has been trading sideways at the price of $47,200. I see potential for the breakout mode.

Trading recommendation:

Due to sideways regime, I see potential for the breakout mode.

In case of the strong breakout of support at $45,500, watch for selling opportunities with key objective at $41,915.

In case of the upside breakout of key resistance at $48,500, watch for upside objective at $51,325.

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

Analytical expert

Petar Jacimovic

FX.co ★ BTC analysis for January 03,.2021 - Watch for the breakout mode