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FX.co ★ BTC analysis for January 27,.2022 - Sideways mode and potential for the breakout play

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Crypto Analysis:::2022-01-27T13:55:38

BTC analysis for January 27,.2022 - Sideways mode and potential for the breakout play

Technical analysis:

BTC analysis for January 27,.2022 - Sideways mode and potential for the breakout play

BTC/USD has been trading sideways in last few days at the price of $36,755. There is potential for the breakout play.

Trading recommendation:

Due to the sideways regime in the background, I see potential for the breakout play in the next period.

In case of the upside breakout of key resistance at $37,500, watch for buying opportunities towards $39,565

In case of the downside breakout of pinbar low at $32,900, watch for selling opportunities with the objective at $30,145

Analyst InstaForex
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