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BTC analysis for January 13,.2022 - Watch for breakout of consolidation

Technical analysis:


BTC has been trading sideways at the price of $43,750 and there is potential for the breakout mode.

Trading recommendation:

Due to market contraction and sideways movement, I see potential for the breakout regime.

Watch for buying opportunities if the price breaks the pivot at $44,280 with good momentum.

Upside objectives will be set at $45,410 and $46,800

Support level is set at the price of $43,260

The short-term trend is upside....

The material has been provided by InstaForex Company -