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19.01.202114:38 Forex Analysis & Reviews: BTC analysis for January 19,.2021 - Sideways market, watch for the breakout

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Further Development

Exchange Rates 19.01.2021 analysis

Analyzing the current trading chart of BTC I found that there is the basing process and that market is trading sideways.

Watch for the breakout to confirm further upside movement.

Upside breakout of resistance att $38,000 will lead the BTC towards $40,000 and $42,000

The downside breakout of support at $34,000 can lead BTC towards $30,380 and $27,610.

Petar Jacimovic
Analytical expert of InstaForex
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