FX.co ★ BTC analysis for January 15,.2021 - Downside movemetn on the way with the objectives at $33.000 and $28.500

Further Development

Analyzing the current trading chart of BTC, I found that there is rejection of the key pivot resistance at $39,300 and that we might see downside movement towards $33,000 and $28,515.

Watch for selling opportunities on the rallies with the targets at $33,000 and $28,515.

Key resistance is sett at $39,600.

Additionally, there is the bear cross on Stochastic oscillator, which is sign for the further downside movement.