FX.co - BTC analysis for January 27,.2022 - Sideways mode and potential for the breakout play

2022-01-27T13:55:38

Relevance until2022-01-28

Technical analysis:

BTC analysis for January 27,.2022 - Sideways mode and potential for the breakout play

BTC/USD has been trading sideways in last few days at the price of $36,755. There is potential for the breakout play.

Trading recommendation:

Due to the sideways regime in the background, I see potential for the breakout play in the next period.

In case of the upside breakout of key resistance at $37,500, watch for buying opportunities towards $39,565

In case of the downside breakout of pinbar low at $32,900, watch for selling opportunities with the objective at $30,145

*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 27,.2022 - Sideways mode and potential for the breakout play