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FX.co ★ BTC analysis for January 04,.2021 - Upside breakout

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Crypto Analysis:::2022-01-04T15:16:09

BTC analysis for January 04,.2021 - Upside breakout

Technical analysis:

BTC analysis for January 04,.2021 - Upside breakout

BTC has been trading upside and there is the breakout of the consolidation range, which is sign for further rise.

Trading recommendation:

Due to the breakout of the mini consolidations, there is chance for the upside movement.

Watch for buying opportunities on the pullbacks with the upside objective at $48,500.

Stochastic is showing overbought condition but with no reversal signal.

Support level is set at the price of $46,300

Analyst InstaForex
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