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BTC analysis for January 17,.2022 – Watch for the breakout of key levels

Technical
analysis:

BTC
has been trading sideways at the price of $42,665.
Best
idea is to watch for the breakout to confirm the next direction.

Trading
recommendation:

In
case of the upside breakout of key resistance at $44,350,
watch for potential buying opportunities with the upside objectives
at $45,560
and $46,920.

In
case
of the downside breakout of support at $41,160,
watch for selling opportunities on the rallies with the downside
objectives at $40,570
and $39,800

The material has been provided by InstaForex Company – www.instaforex.com

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