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20.01.2022 05:33 PM
BTC analysis for January 20,.2022 - Upside strong momentum

Technical analysis:

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BTC has been trading upside in lasts few hours and I see potential for further rally.

Trading recommendation:

Due to impulsive momentum and the breakout to the upside, I see potential for the rally towards $44,000.

Watch for buying opportunities on the pullbacks with the upside objective at $44,000.

Stochastic is showing upside reading with no evidence for the reversal

MACD is showing upside reading with evidence for the reversal

Support level is set at $42,000

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