FX.co - BTC analysis for January 11,.2022 - Key pivot resistnace at $42.750

2022-01-11T12:54:36

Relevance until2022-01-12

Technical analysis:

BTC analysis for January 11,.2022 - Key pivot resistnace at $42.750

BTC has been trading sideways at the price of $41,885. There is potential for the upside breakout.

Trading recommendation:

Watch for the potential upside breakout of key resistance at $42,750 to confirm further upside movement.

Buying opportunities are preferable above the pivot $42,750 with the upside objective at $46,000.

In the background , there is the buying tail (sign of aggressive buyers), which is another confirmation for the further upside movement.

*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 11,.2022 - Key pivot resistnace at $42.750