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FX.co ★ BTC analysis for January 08,.2021 - Is BTC heading towards 50.000$?

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Crypto Analysis:::2021-01-08T13:04:42

BTC analysis for January 08,.2021 - Is BTC heading towards 50.000$?

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BTC analysis for January 08,.2021 - Is BTC heading towards 50.000$?

Analyzing the current trading chart of BTC, I found that there is strong upside movementt and bullish continuation, which is sign thatt buying opportunities are preferable.

I placed the Monthly time-frame chart to find next major upside level and I got Fibo extension 261/8% at $54,00/

My advice would be to buy on the dips as long we don't see any bigger reversal sign.

Analyst InstaForex
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