20-JAN 2022 - Crypto short - BTC analysis
In my personal opinion, price will further balance in range around 38k-44k for max 1 week.
After that BTC most probably will go to price ~
52K-56k, correct it and further go up to ~74k.
It may of course fall down to 35k for around 1 week to further scare small investors and if price closes on D1 interval below orange box ... we will continue downtrend toward bear market and price 28k-30k will be next support.
Price has closed below MA55 on W1 interval --> that is sometimes interpreted as going to BEAR market.
After that BTC most probably will go to price ~
52K-56k, correct it and further go up to ~74k.It may of course fall down to 35k for around 1 week to further scare small investors and if price closes on D1 interval below orange box ... we will continue downtrend toward bear market and price 28k-30k will be next support.
Price has closed below MA55 on W1 interval --> that is sometimes interpreted as going to BEAR market.
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