BTC/USD Still Strong as The Price is Moving Up
January 6, 2022
BTC/USD Technical Analysis
- BTC/USD is trying to push higher
- M L3 is showing support
- Q H3 is the target
- Buyers are still here
DAILY CHART BTC/USD
- Swing point
- Swing high
- Bounce zone
The BTC/USD has made a recovery below 40000 level and the price is back above 40.000 again. We should see a move up as we still see the main trend which is to the upside. If the market makes a bounce above M L3 then M H3 49996 is next. Q H3 and M H4 are levels to watch. 52986 is the level where the price might reject and where we should see the final target. 42000 needs to hold for further momentum up.
