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Bitcoin BTC/USD forecast on January 22, 2021

BTC/USD quotes, as it was previously assumed in the forecasts, are falling.

The cryptocurrency has broken through the lower edge of the triangle, the trend for Bitcoin has changed to a downward one. As previously assumed, the target of the fall in the BTCUSD rate will be the level of 29,200.

A strong support level is the psychologically important level of 30,000. If it is broken and the BTC / USD rate is fixed below, even more traders will lose faith in the continuation of the bullish trend in Bitcoin, and Bitcoin will be worth 26,000.

Bitcoin BTC/USD forecast on January 22, 2021

The resistance level is 32800. This is the fast signal line of the Ichimoku indicator.

Thus, the forecast for the BTC/USD rate on 01/22/2020 assumes an attempt to test the support level of 29000, and if the BTC / USD rate is fixed below - 26000.

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