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FX.co ★ BTC analysis for January 12,.2022 - Broken consolidation to the upside

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Crypto Analysis:::2022-01-12T14:46:09

BTC analysis for January 12,.2022 - Broken consolidation to the upside

Technical analysis:

BTC analysis for January 12,.2022 - Broken consolidation to the upside

BTC has been trading upside today and there is potential for the bigger rise towarrds upper distribution.

Trading recommendation:

Due to the breakout of the consolidation to the upside, I see potential for the rally towards previous range.

Watch for the buying opportunities on the pullbacks with the upside objectives at $45,425 and $47,000.

Key support level is set at $42,250

Analyst InstaForex
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