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18.01.202214:46 Forex Analysis & Reviews: BTC analysis for January 18,.2022 - Watch for the breakout of key level

Technical analysis:

Exchange Rates 18.01.2022 analysis

BTC has been trading inside of the trading range but there is chance for the downside breakout.

Trading recommendation:

Watch for potential breakout of the consolidation and key support at the price of $41,400.

Downside objectives are set at the price of $40,570 and $39,650 (Pinbar low)

Key resistance is set at the price of $44,330

Short-term trend is downside

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Petar Jacimovic,
Analytical expert of InstaForex
© 2007-2022
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