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FX.co ★ BTC analysis for February 01,.2022 - Breakout of the contraction

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Crypto Analysis:::2022-02-01T14:14:31

BTC analysis for February 01,.2022 - Breakout of the contraction

Technical analysis:

BTC analysis for February 01,.2022 - Breakout of the contraction

BTC has been trading upside today. There is the breakout of the contraction in the background an that is good sign for further upside movement.

Trading recommendation:

Due to the breakout of the key resistance pivot at the price of $38,00,I see potential for the upside rotation.

Watch for buying opportunities on the pullbacks using the intraday charts.

Upside objective is set at $43,900

Key support is set at $37,000

Analyst InstaForex
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