FX.co ★ BTC analysis for January 26,.2022 - Upside breakout of consolidation

Technical analysis:

BTC has been trading upside today and there is the breakout of consolidation, which is good sign for further upside movement.

Trading recommendation:

Due to the breakout of the consolidation and rejection of the Pitchfork median line, I see potential for the further rally.

Watch for buying opportunities on the pullback using the intraday charts.

Upside objectives are set at $39,600 and $41,740

Key support level is set at $33,000