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  • Writer's pictureCryptofool

Technically speaking: BTC short term

Updated: Jan 23, 2022

The price stuck in the tight channel between 40 - 44K. There are three possible outcomes.

  1. The price breaks up and moves above 44K

  2. Short term retest of the 40K support line and breaks up higher

  3. Breaks 40K support line and continues towards 36K levels

The medium term time frame ( 1D) is still on the downtrend. The probability of a continuation of a down trend is high.

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