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Author Topic: Bitcoin Price Analysis TODAY  (Read 26 times)


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Bitcoin Price Analysis TODAY
« on: January 14, 2022, 04:18:09 PM »
Hi! here is an interesting analysis of the price of bitcoin today, January 22nd:

The Bitcoin price is bouncing from January 2022 lows, adding seven percent in the last trading week. Despite gains, the BTCUSDT price action remains within a bearish formation, reading from the candlestick arrangement in the daily chart. For instance, BTCUSDT prices are still capped below the middle BB. Nonetheless, for buyers, the lift of early this week was with high trading volumes signaling strength.

As such, they may find entries to buy the dips, targeting $46.5k—previous support now resistance. Even so, there would be more solid entries if BTC surged above $47k–edging past the flexible resistance line—the middle BB. In that case, the base for a moonshot back above $50k to $53k would have been established.

On the flip side, if prices continue to slide, unwinding early this week’s gains, aggressive bear traders may liquidate on pullbacks targeting January 2022 lows of around $39.8k.

credits: Crypto-Economy


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Re: Bitcoin Price Analysis TODAY
« Reply #1 on: January 14, 2022, 07:04:30 PM »
Thanks for this, interesting


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