tgreg

17-JAN 2022 - Crypto short - BTC analysis

INDEX:BTCUSD   Bitcoin
In my personal opinion, price will further balance in range around $38k-$44k for 1-2 weeks, where then BTC will go to price ~$52k-$56k, correct it and further go up to ~$74k.
It may of course fall down to $35k to further scare small investors and if price closes on D1 interval below orange box ... we will continue downtrend toward bear market and price $28k-$30k will be next support.

Price has closed below MA55 on W1 interval --> that is sometimes interpreted as going to BEAR market.

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