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26.01.202215:59 Forex Analysis & Reviews: BTC analysis for January 26,.2022 - Upside breakout of consolidation

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

Exchange Rates 26.01.2022 analysis

BTC has been trading upside today and there is the breakout of consolidation, which is good sign for further upside movement.

Trading recommendation:

Due to the breakout of the consolidation and rejection of the Pitchfork median line, I see potential for the further rally.

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

Upside objectives are set at $39,600 and $41,740

Key support level is set at $33,000

Petar Jacimovic
Analytical expert of InstaForex
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